Levy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Scheme Reg.

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..... LIC NOTICE NO.58/2006 Sub :- Levy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Scheme Reg. --------------------- 1. Attention of the trade is invited to Boards Circular Nos.18/2006-Cus, dated 05.06.2006 on the above subject. Wherein it has been clarified that in the case of imports under export promotion schemes like DEPB, Target Plus, .....

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..... ods under sub-section (5) of Section 3 of the said Customs Tariff Act . Therefore, the special CVD cannot be paid through the scrips issued under the said scheme. A view has been expressed that in such cases (imports under these two notifications) the importer needs to pay the special CVD in cash and take refund of the same where eligible through cenvat or drawback, as the case may be. 3. Th .....

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..... that in all such cases (i.e. imports under DFCE under these notifications) the importer shall have to pay the special CVD in cash. Needless to mention, the Cenvat credit or drawback (brand rate), as the case may be, can be claimed in respect of this duty. (NAJIB SHAH) COMMISSIONER OF CUSTOMS(IMPORT) J.N.C.H. - Circular - Trade Notice - Public Notice - Instructions - Office orders .....

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