Levy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Schemes

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ms (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Schemes - reg. Attention of all the Importers, Exporters, CHA's and Members of the Trade is invited to Board's Circular No. 20/2006-Cus. Vide F. No. 605/44/2006-DBK dated 21.07.2006 regarding Levy of special additional duty of Customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Schemes. The Board's Circular No. 18/2006-Cus dated 05....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ere is no exemption available in respect of special CVD of 4% which is leviable on the said goods under sub-section (5) of Section 3 of the said Customs Tariff Act. Therefore, the special CVD cannot be paid through the scrips issued under the said scheme. A view has been expressed that in such cases (imports under these two notifications) the importer needs to pay the special CVD in cash and take ....