On import of drawings and designs ( HSN Code 4906 00 00 / 4911 91 00) special cvd in lieu of VAT is leviable as per customs tariff? also let me know whether there are any specific notification on this?
On import of drawings and designs ( HSN Code 4906 00 00 / 4911 91 00) special cvd in lieu of VAT is leviable as per customs tariff? also let me know whether there are any specific notification on this?
It is applicable on the imported goods. Refer below notification for details
Regards
Dayananda
G.S.R. (E).- In exercise of the powers conferred by sub-section (5) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 19/2005-Customs, dated the 1st March, 2005 [number G.S.R. 117(E), dated the 1st March, 2005], hereby directs that all goods specified under the Chapter, heading, sub-heading or tariff item of the First Schedule to the said Act, having regard to the sales tax, value added tax, local tax and other taxes or charges leviable on sale or purchase or transportation of like goods in India, when imported into India, shall be liable to an additional duty of customs at the rate of four percent. ad valorem.
Aggarwal Sarawagi and Co
New Delhi
CA
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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