Dear All,
I want to import some product from UAE. I want to sell them in India either directly or by repacking or mixing.
On the product following is the duty strutcuture:
Basic Cutom Duty - 10%, Education Cess- 2%, Secondary and Higher Edu. Cess- 1%
Countervailing Duty- 12%
Additional CVD- 4%.
The output excise application on this item is 10.36% (incl cess).
Please advise how much of the duty paid can be availed as set-off in Cenvat and what procedure will I have to adopt.
Thanks.