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Sh.George Thomas,
CVD is applicable in this scenario. No exemption from CVD in such situation.
Sir,
No CVD is payable if the like goods manufactured in India is unconditionally exempted. However the exemption can be claimed only by the importer and not by the purchaser. If the exemption is conditional and the conditions for exemption cannot be fulfilled in respect of the imported goods than CVD is payable at tariff rate. Lots case laws are available in this regard.
Sh.Rajagopalan Ranganathan,
Yes Sir. I agree with you. You have explained in a much better way.
Do we need to furnish any bank guarantee/Bond to avail the exemption benefit under Notification 42/2015 of CE? And any idea why it is limited to period till 31-03-2016?
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