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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clarification on Conditional Excise Notifications: CVD to Apply at Full Rate if Conditions Unverified Under Customs Tariff Act, Sec 3(1).</h1> The circular addresses the applicability of conditional Central Excise notifications for levying countervailing duty (CVD) under Section 3(1) of the Customs Tariff Act, 1975. It clarifies that imported goods cannot benefit from concessional excise duty rates if the conditions of the Central Excise notification cannot be verified. For instance, imported candles will attract a CVD of 16% instead of 4% due to the inability to confirm non-availment of CENVAT credit. The circular emphasizes that exemptions apply only when all substantive conditions are met, and any short-levied duties should be recovered. Pending assessments should align with this clarification.
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