Reversal of special cvd under 3(5) of customs act, 1962

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 March 2012 Can Special CVD under Sec 3(5) be reversed by the importer if he is not using the imported item in manufacture... i.e., he has made local sales and the customer here is using the product in manufacture.
Can Importer transfer the Credit to Customer?


08 March 2012 Yes CVD can be transferred to Customer subject to a declaration in invoice of trader that it will not file any refund claim for CVD

17 March 2012 agreed with expert ji.

regards,



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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2012 Thank You Sir

22 March 2012 welcome in ca clun india........

u can also put up query here............

thanks,




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