TaxTMI 
TaxTMI 
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.
CVD DUTY AS PER RECENT NOTIFICATION OF 18/2012
23 Apr 2012 
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CVD rate change for imported railway components under recent notification: duty increased from prior level for specified tariff heading.
Countervailing Duty applicable to imports of railway components under Notification No. 18/2012 has been amended to alter the duty for Tariff Heading 86073090; an administrative reply confirms the notification's schedule entry increases the CVD rate for that tariff item and directs reliance on the cited notification entry for precise application under the Central Excise framework. (AI Summary)
Countervailing Duty applicable to imports of railway components under Notification No. 18/2012 has been amended to alter the duty for Tariff Heading 86073090; an administrative reply confirms the notification's schedule entry increases the CVD rate for that tariff item and directs reliance on the cited notification entry for precise application under the Central Excise framework. (AI Summary)