24 July 2009
1. WHEN SOME MATERIAL IS IMPORTED IN BOND WITHOUT PAYING DUTY I.E. CUSTOM AND EXCISE ETC. AGAINST ANY ADVANCE LICENCE, EC, IN EOU OR UNDER SUCH NOTIFICATION WHERE DUTIES ARE EXPEMTED AND SUBSEQUENTLY THE HAS BEING SOLD IN DOMESTIC MARKET AS SUCH, THE BUYER NEED TO EX BOND THE MATERIAL, AND HE NEED TO FILE EX BOND B/E FOR THE SAME BY DECLARING THE DUTY PAYABLE BY HIM. 2. BCD IS BASIC CUSTOM DUTY LEVIABLE ON COMMODITY AS PER CUSTOM TARRIF. CVD IS COUNTER VALLING DUTY CALCULATED ON BASIC VALUE OF GOOD AND BCD (EXCISE DUTY AND EDU CESS) SAD IS SPECIAL ADDITIONAL DUTY, WHICH IS LEVIED BY GOVT BY NOTIFICATION.
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