RELATING TO SAD
This query is : Resolved
01 August 2008
WHAT IS THE SPECIAL ADDITIONAL DUTY & WHEN IT IS APPLIED?
WHAT IS THE SPECIAL ADDITIONAL DUTY & WHEN IT IS APPLIED?
01 August 2008
REPLY AS SOON AS POSSIBLE
REPLY AS SOON AS POSSIBLE
02 August 2008
one of the announcements made in the Union Budget 2006-07 relates to introduction of a new levy of 4% Special additional duty of Customs (Special CVD) on all imports effective from March 1, 2006. Accordingly, the Customs authorities are levying 4% Special CVD for all those imports which are subject to Basic Customs Duty and Additional Duty of Customs (CVD).
However, the 4% Special CVD is exempted on certain imported goods which are exempt from Basic Customs Duty and Additional Duty of Customs (levialbe under Section 3(1) of the Customs Tariff Act 1975).
However, the 4% Special CVD is exempted on certain imported goods which are exempt from Basic Customs Duty and Additional Duty of Customs (levialbe under Section 3(1) of the Customs Tariff Act 1975).
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