Method of Computing of Duty

The duty payable on the importable must be shown in bill of entry.  The computation of duty involves taking into consideration the various types

These may be listed as under:

1.Basic Customs Duty (BCD)

2.Additional duty of customs / CV Duty equivalent to excise under section 3 ( 3)

3. Cess on CV Duty ( 2+1%)

4.Higher education of secondary Higher education cess on total duty ( 2+1%)

5.Additional duty of customs (on value + total duty ) payable  under section 3 (5) of customs tariff act 4%

6.There are professional rates of duties chargeable under section 4 & 5 of the act.

7.National climatic Contingency of 1% on certain articles.

8.There are certain items which attract antidumping duty if he is imported from certain countries as specified rates.