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Former Member
Jan 07, 2012 at 05:11 AM

Tax code creation for import raw matterials

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Dear All

how to prepare tax code creation for an import purchase

1.cvd @5% on assessable value

2.duty @10% on assessable value + cvd@5%

3.education cess @2% on basic duty 10%

4.higher & edn cess @1% on basic duty 10%

5.customs eduction cess@2% on c.duty,edu cess and sh cess

6.higher &edn cess on customs @1% on c.Duty ,edu cess and sh cess

Regards,

kannan