https://www.taxtmi.com/circulars?id=52932 Import of jewellery from Thailand under the preferential notification is subject to Special Countervailing Duty at the merit entry rate of the notification rather than a higher differential rate. Paragraph 3 excludes only the first serial entry's benefit for goods with nil basic customs duty under a free trade agreement and does not preclude application of other merit-rate entries. The levy's object to offset domestic indirect tax means imported jewellery cannot attract a higher Special CV duty than the comparable domestic tax. en-us Fri, 21 Oct 2011 00:00:00 +0530 Fri, 25 Jul 2014 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52932 Import of jewellery from Thailand under the preferential notification is subject to Special Countervailing Duty at the merit entry rate of the notification rather than a higher differential rate. Paragraph 3 excludes only the first serial entry's benefit for goods with nil basic customs duty under a free trade agreement and does not preclude application of other merit-rate entries. The levy's object to offset domestic indirect tax means imported jewellery cannot attract a higher Special CV duty than the comparable domestic tax. Circulars Customs Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52932