Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Indonesia Steam Coal Imports: 0% Basic Customs Duty, 2% Concessional CVD Under FTA and 2013-14 Budget Policy.</h1> The circular addresses the applicable countervailing duty (CVD) on steam coal imported from Indonesia under the Free Trade Agreement (FTA) notification No. 46/2011-Customs. It clarifies that while steam coal from Indonesia enjoys a 0% basic customs duty (BCD) under the FTA, importers can also avail themselves of a concessional 2% CVD as per notification No. 12/2012-Customs. This concessional CVD is applicable regardless of the excise duty rate on similar domestic products, as a policy decision in the 2013-14 budget set the CVD rate at 2% for all steam coal imports.