SPECIAL CVD REFUND

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vikas asawa (Querist)
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03 May 2010 PLEASE TELL ME ABOUT WHAT IS SPECIAL CVD AND WHEN WE ARE ELIGIBLE FOR THE SAME AND WHICH DOCUMENTS ARE REQUIRED TO ATTACH.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 July 2010 VIKAS JI,

Additional Duty (Countervailing Duty) (CVD):

This additional duty is levied under section 3 (1) of the Custom Tariff Act and is equal to excise duty levied on a like product manufactured or produced in India. If a like product is not manufactured or produced in India, the excise duty that would be leviable on that product had it been manufactured or produced in India is the duty payable. If the product is leviable at different rates, the highest rate among those rates is the rate applicable. Such duty is leviable on the value of goods plus basic custom duty payable.

PLEASE NOTED THAT:-

AFTER IMPORTATION, IF YOU HAVE PAID CVD,THEN YOU CAN FILED REFUND OF 4% ADDITIONAL DUTY OF CUSTOMS (4% CVD) IN PURSUANCE OF NOTIFICATION NO.102/2007-CUSTOMS DATED 14.09.2007

PLEASE NOTED THAT SOME ANNEXURE, VAT BILL, BILL OF ENTRIES, PAYMENT COPY, INVOICE, TR-6, ORIGINAL COPY, CA CERTIFICATE etc WILL SUBMIT IN LIEU OF REFUNDED AT THE TIME OF SUBMISSION THE DOCUMENTS IN CUSTOM WHERE HAVE YOU IMPORT DONE.