Rates of Duty in CETA

Last updated at April 16, 2024 by

Rates of Duty in CETA

In CETA, rates of duties prescribed for different items are of 2 types

  • Advolerem Rate
  • Specific Rate

Advolerem Rate of Duty

Specific Rate of Duty

Duty is charged as % of Value

Duty is calculated on factors of production

Example

% of Sales

Example

Duty per kg, Duty per Machine Installed

It is more widely used

It is used only in some cases

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.