Levy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Scheme

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Special CVD payment through DFCE scrips disallowed, importers must pay Special CVD in cash and claim cenvat or drawback. Imports under the DFCE notifications 53/2003-Cus. and 54/2003-Cus. cannot have the Special CVD @ 4% debited against DFCE scrips because those notifications exempt only the additional duty under subsection (1) of Section 3 and not the special CVD under subsection (5). Importers must therefore pay the Special CVD in cash at import, with subsequent recovery available, where eligible, by claiming Cenvat credit or drawback.

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Special CVD payment through DFCE scrips disallowed, importers must pay Special CVD in cash and claim cenvat or drawback.

Imports under the DFCE notifications 53/2003-Cus. and 54/2003-Cus. cannot have the Special CVD @ 4% debited against DFCE scrips because those notifications exempt only the additional duty under subsection (1) of Section 3 and not the special CVD under subsection (5). Importers must therefore pay the Special CVD in cash at import, with subsequent recovery available, where eligible, by claiming Cenvat credit or drawback.

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Levy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Scheme

Special CVD payment through DFCE scrips disallowed, importers must pay Special CVD in cash and claim cenvat or drawback.

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Special CVD payment through DFCE scrips disallowed, importers must pay Special CVD in cash and claim cenvat or drawback.

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