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of <h1>Clarification on NCCD Levy: Polyester Texturised Yarn Faces Dual Charge under Finance Act, 2003 & Section 134.</h1> The circular addresses the levy of National Calamity Contingent Duty (NCCD) under the Finance Act, 2003, specifically concerning Polyester Texturised Yarn (PTY) and other specified goods. It clarifies that NCCD is imposed on specified goods manufactured in India and recovered as Countervailing Duty (CVD) on imports. Additionally, imported goods are separately chargeable to NCCD under Section 134, resulting in a dual charge: once as CVD and again as Customs duty. An exemption exists for NCCD collected as CVD, but not for Customs duty. Field formations are instructed to finalize assessments accordingly.
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