Special additional duty

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Gaurav Gujrati

Gaurav Gujrati (Querist)
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19 December 2014 Can any one tell me that what is special additional duty ?

Guest

Guest (Expert)

19 December 2014 SAD is a duty charged on imports under section 3 (5) of custom tariff act, to countervail the local sales tax.It is charged at the rate of 4% The full credit in respect of SAD can be availed in the year of receipt itself irrespective of the capital or revenue in nature.

Gaurav Gujrati

Gaurav Gujrati (Querist)
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19 December 2014 thanks for giving me reply.

I would like to clear one more doubt that suppose if a importer has imported some goods from overseas after paid SAD and sold that products to indian market along with sales tax or vat. for this purpose SAD has to be paid by importer at the time of importation would be refundable at the rate of 4%.

Am i clear sir ?
Please advice sir
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Thanks
Gaurav

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Guest

Guest (Expert)

19 December 2014 Yes you can claim the refund for the duty paid u/s 3(5) of the custom tariff act subject to some conidions.Please refer the Notification No. 102/2007-Customs.