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TMI BlogLevy of special additional duty of customs (CVD) @ 4% under Export Promotion SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... ustoms (CVD) @ 4% under Export Promotion Scheme - reg. I am directed to invite your attention to the above mentioned subject and to say that references have been received from the trade about different practices being followed by the Custom Houses regarding the levy of special CVD of 4% in respect of goods imported under various export promotion schemes like DFRC, DEPB, Target Plus and DFCE. A do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exempt from the 4% special CVD. In view of this, it is clarified that the special CVD of 4% is not leviable in case of imports under advance licence, EOU and SEZ schemes. In the case of imports under EPCG Scheme it may be noted that notification No.97/2004-Customs dated 17.9.2004 governing imports under the said scheme itself provides for exemption from additional duty whether the levy is under se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms notifications shall only be available if the element of 4% special CVD is debited in the duty scrips / entitlement certificates. In this connection, attention is invited to Ministry's Circular No.5/2005-Cus. dated 31.1.2005 whereunder it was clarified that even though imports under these schemes are governed by an exemption notification, the fact remains that in case of such imports, the custom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Foreign Trade Policy, additional customs duty (CVD) debited in DEPB scrips/certificates issued under reward schemes is allowed to be taken as cenvat / drawback.
5. A suitable Public Notice and Standing Order may be issued for the guidance of the trade and staff. Difficulties faced, if any, in implementation of the Circular may be brought to the notice of the Board. X X X X Extracts X X X X X X X X Extracts X X X X
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