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TMI BlogLevy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) SchemesX X X X Extracts X X X X X X X X Extracts X X X X ..... oms (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Schemes - reg. Attention of all the Importers, Exporters, CHA's and Members of the Trade is invited to Board's Circular No. 20/2006-Cus. Vide F. No. 605/44/2006-DBK dated 21.07.2006 regarding Levy of special additional duty of Customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Schemes. The Board's Circular No. 18/2006-Cus dated 0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here is no exemption available in respect of special CVD of 4% which is leviable on the said goods 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... same can not be debited through the scrips issued under DFCE Scheme. It is clarified 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. The Public Notice No. 40 / 2006 dated 13.06.2006 issued fr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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