List of certain goods on which CVD is not levied

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..... FM in Budget 2006 has proposed to levy CVD on all imports except certain goods. I would like to know the list of the goods proposed which are out of purview of CVD. - Reply By Surender Gupta - The Reply = CVD for countervailing local taxes is imposed under section 3(5) of the Customs Tariff Act, 1975 . By virtue of this section Central Government has issued two notifications as not. no. 19/2 .....

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..... 006 Cus dated 1/3/2006 lavying the CVD on all the goods imported in India and not. no. 20/2006 Cus dated 1/3/2006 exempting certain goods from such CVD. There are 61 entries in the notification no. 20/2006 granting such exemption. An illustrative list of these goods are: ....Some categories of imports, however, have been exempted from this special CVD. These are: ...(a) Goods exempt from VAT; .....

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..... ...(b) Goods exempted both from basic and CV duty (including CV duty exemption by way of excise duty exemption);... (c) Petroleum crude, kerosene for PDS, LPG for domestic supply, petrol, diesel, coal, coke and petroleum gases and fuels of Chapter 27;...(d) Passenger baggage ;...(e) Fertilizers and inputs for fertilizers;...(f) DTA clearances of EOUs/EHTP/STP/SEZ units, provided such goods are no .....

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..... t exempted from VAT/sales tax;...(g) Gold concentrate;...(h) Gold silver, rough and cut diamonds, precious metals, precious and semiprecious stones; and other goods of Chapter 71 excluding articles of jewellery;...(i) Ships for breaking up ; ...(j) Non-mega power projects; transmission and distribution projects; and high voltage transmission equipments...............For complete detail you are adv .....

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..... ised to refer these two notifications. - List of certain goods on which CVD is not levied - Query Started By: - Vivek Kumar Gupta Dated:- 28-2-2006 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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