Special countervailing duty on imported jewellery limited to equivalent domestic VAT rate under the notification's merit entry. Import of jewellery from Thailand under the preferential notification is subject to Special Countervailing Duty at the merit entry rate of the notification rather than a higher differential rate. Paragraph 3 excludes only the first serial entry's benefit for goods with nil basic customs duty under a free trade agreement and does not preclude application of other merit-rate entries. The levy's object to offset domestic indirect tax means imported jewellery cannot attract a higher Special CV duty than the comparable domestic tax.
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Provisions expressly mentioned in the judgment/order text.
Special countervailing duty on imported jewellery limited to equivalent domestic VAT rate under the notification's merit entry.
Import of jewellery from Thailand under the preferential notification is subject to Special Countervailing Duty at the merit entry rate of the notification rather than a higher differential rate. Paragraph 3 excludes only the first serial entry's benefit for goods with nil basic customs duty under a free trade agreement and does not preclude application of other merit-rate entries. The levy's object to offset domestic indirect tax means imported jewellery cannot attract a higher Special CV duty than the comparable domestic tax.
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