Is cvd u/s 3(3),3(5) is leviable if basic customs duty is exempted or nil
kindly advuse on the above question
Menu
Is cvd u/s 3(3),leviable if basic customs duty is exempted
Replies (2)
CVD is in nature of excise and also the artes are governed by 1st and 2nd schedule of CETA 1985. So if ED is Nil or exempted on goods then CVD will also be Nil.
Exemption from basic customs duty cannot meet exemption from additional duty. When goods are exempted from basic customs duty in terms of section 12 of the Customs Act,1962, it would not mean that they are exempted from additional duty of customs also, as basic additional customs duty is leviable under Section 3 of the Customs Tariff Act, 1975.
Recent Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
