https://www.taxtmi.com/circulars?id=52507 Clarifies that the FTA grants a preferential Basic Customs Duty exemption for steam coal but that such preference is limited to BCD; Countervailing Duty is set by reference to domestic excise yet may be prescribed at a lower applied rate by notification. A concessional applied CVD rate for steam coal was prescribed and may be availed simultaneously with the FTA BCD exemption; customs authorities are to implement this position and report difficulties. en-us Mon, 21 Oct 2013 00:00:00 +0530 Mon, 21 Oct 2013 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52507 Clarifies that the FTA grants a preferential Basic Customs Duty exemption for steam coal but that such preference is limited to BCD; Countervailing Duty is set by reference to domestic excise yet may be prescribed at a lower applied rate by notification. A concessional applied CVD rate for steam coal was prescribed and may be availed simultaneously with the FTA BCD exemption; customs authorities are to implement this position and report difficulties. Circulars Customs Mon, 21 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52507