CVD DUTY AS PER RECENT NOTIFICATION OF 18/2012

[UTTAM GHOSH]

WHAT IS THE RATE OF CVD OF IMPORT ITEMS AS PER RECENT NOTIFICATIOON OF 18/2012 FOR THE IMPORTED ITEMS OF RAILWAY COMPONENTS. pREVIOUSLY IT WAS 10%.

IS IT REDUCED TO 6% AS PER RECENT NOTIFICATION.

AI Summary

Countervailing Duty on Railway Components Increases to 12% Under Notification No. 18/2012, Tariff Heading 86073090. A query was raised regarding the Countervailing Duty (CVD) rate for imported railway components under Notification No. 18/2012. Initially, the CVD was 10%, and there was a question about whether it had been reduced to 6%. A respondent asked for the specific tariff heading, which was clarified as 86073090. It was confirmed that the CVD rate had actually increased to 12%, referencing Senior No. 78 of the notification.