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of <h1>India Clarifies 1% Countervailing Duty on Imported Fertilizers Under Notification No. 12/2012-Customs to Avoid Disputes.</h1> The circular addresses the applicable rate of Countervailing Duty (CVD) on imported fertilizers in India. It clarifies that, under Notification No. 12/2012-Customs, a CVD rate of 1% applies to fertilizers, except where otherwise specified. This clarification arises due to confusion over entries marked with a dash, which imply an additional duty equal to the excise duty. To prevent disputes, Notification No. 46/2012-Customs was issued to explicitly prescribe the effective CVD rate. The circular instructs customs officials to ensure compliance with these clarified rates, particularly for assessments before August 17, 2012.
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