Concessional CVD on fertilizers clarified: concessional duty applies when imports are for fertilizer use despite basic duty concession. The circular clarifies that where Notification No. 12/2012 Customs shows a dash for CVD, the excise duty rate applies unless an express concessional CVD is provided; the concessional CVD in S. No. 200(ii) for goods to be used as fertilizers applies even if a concessional basic customs duty under another serial number is claimed, and Notification No. 46/2012 Customs was issued to prescribe the effective CVD rates against the relevant serial numbers for clarity and compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Concessional CVD on fertilizers clarified: concessional duty applies when imports are for fertilizer use despite basic duty concession.
The circular clarifies that where Notification No. 12/2012 Customs shows a dash for CVD, the excise duty rate applies unless an express concessional CVD is provided; the concessional CVD in S. No. 200(ii) for goods to be used as fertilizers applies even if a concessional basic customs duty under another serial number is claimed, and Notification No. 46/2012 Customs was issued to prescribe the effective CVD rates against the relevant serial numbers for clarity and compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
