Elobration with example
This query is : Resolved
03 April 2014
Special additional duty
Special Additional Duty of Customs is imposed at the rate of 4% in order to provide a level playing field to indigenous goods which have to bear sales tax. This duty is to computed on the aggregate of –
*
assessable value;
*
basic duty of Customs;
*
surcharge; and
*
additional duty of Customs leviable under section 3 of the Customs Tariff Act, 1975 (c.v.d.)
Special Additional Duty of Customs is imposed at the rate of 4% in order to provide a level playing field to indigenous goods which have to bear sales tax. This duty is to computed on the aggregate of –
*
assessable value;
*
basic duty of Customs;
*
surcharge; and
*
additional duty of Customs leviable under section 3 of the Customs Tariff Act, 1975 (c.v.d.)
04 April 2014
Basic custom duty, eud. cess, HS. cess, CVD and SAD will be payable at the time of imported goods.
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