Sad concept - very very urgent

Mohit (CA) (755 Points)

15 April 2012  

Hi all,

Can some one explain me in simple words the concept of Special Additional Duty (SAD) wrt Customs i.e when you are importing Machinery? I am on an audit of a company that imports machines from Germany and while Purchase vouching I have come across this term for the first time. So could some one please explain the concept as in what is SAD how this SAD works?

Thanks

Mohit