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of <h1>Customs Circular Clarifies CVD on Gums, Lacs, Resins; Emphasizes Verification Over Simple Declarations; Suggests Tariff Act Amendment.</h1> The circular addresses the levy of Countervailing Duty (CVD) on gums, lacs, and resins under CETH 13.01, highlighting issues with determining whether these goods are manufactured with or without power, which affects their duty classification. The Tariff Conference recommended against allowing exemptions based on simple declarations due to verification challenges. It suggested amending the Customs Tariff Act to disallow conditional Central Excise notifications for imports. The Board decided not to appeal a relevant tribunal decision but emphasized verifying claims through foreign missions or certificates from recognized agencies, allowing provisional assessments until verification. Field formations are instructed to finalize pending assessments accordingly.
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