Is cvd u/s 3(3),3(5) is leviable if basic customs duty is exempted or nil
kindly advuse on the above question
Is cvd u/s 3(3),3(5) is leviable if basic customs duty is exempted or nil
kindly advuse on the above question
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.
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