16 March 2008
Countervailing duty (CVD) is an additional customes duty equal to CENVAT leivable on goods produced or manufacture in India. This is leviable under Section 3(3) of the CTA, 1975.
Special Additional Duty is duty levied under Section 3(5) if the CTA 1975. This is levy in order counter balance various internal taxes like Sales Tax, VAT, etc.
Conclusively you can understand that CVD levy in respect of Excise duty and special addition additional duty in respect of Sales Tax or VAT.
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