Under the customs notification, goods imported for actual use attract special additional customs duty of 4%. Range officers must check at the time of allowing Modvat credit on the strength of a Bill of Entry, whether the particular consignment has suffered SAD of Customs or not

Under the customs notification, goods imported for actual use attract special additional customs duty of 4%. Range officers must check at the time of allowing Modvat credit on the strength of a Bill of Entry, whether the particular consignment has suffered SAD of Customs or not https://www.taxtmi.com/circulars?id=257 Range Officers must verify, when allowing Modvat credit on the basis of a Bill of Entry, whether the consignment has suffered Special Additional Customs Duty; if the Bill of Entry does not indicate SAD payment the Range Officer must report to the Commissioner of Customs with a copy of the Bill of Entry for recovery action and initiation of penal proceedings. The Audit Wing should be instructed to check for possible misuse of the exemption notification. en-us Tue, 23 Mar 1999 00:00:00 +0530 Tue, 23 Sep 2008 10:27:00 +0530 TaxTMI RSS Generator Under the customs notification, goods imported for actual use attract special additional customs duty of 4%. Range officers must check at the time of allowing Modvat credit on the strength of a Bill of Entry, whether the particular consignment has suffered SAD of Customs or not https://www.taxtmi.com/circulars?id=257 Range Officers must verify, when allowing Modvat credit on the basis of a Bill of Entry, whether the consignment has suffered Special Additional Customs Duty; if the Bill of Entry does not indicate SAD payment the Range Officer must report to the Commissioner of Customs with a copy of the Bill of Entry for recovery action and initiation of penal proceedings. The Audit Wing should be instructed to check for possible misuse of the exemption notification. Circulars Central Excise Tue, 23 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=257