Our company imports machines and mould from China which comes under the Customs tarrif code 84543090. The normal BCD is 7.5%, CVD 10% Cess 2%, S&H Cess 1% and Addl Duty 4%. Right now we are planning to import the same items from Vietnam. As India is having a free trade agreement with Vietnam, Will I get any concession on my import duty? If so what are the documents required to claim the same.
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Any concession on duty on imports from vietnam?
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The net duty tariff would be 18.798% against normal rate of 26.239% if the goods are imported from Vietnam. The Certificate of Origin in original to be submitted to the customs to avail this duty benefit.
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