CUS NTF NO. 19/2006 DATE 01/03/2006
Seeks to impose special CVD of 4% on all imported goods in lieu of state taxes / VAT G.S.R. (E).- In exercise of the powers conferred by sub-section (5) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue),
No. 19/2005-Customs, dated the 1st March, 2005 [number G.S.R. 117(E), dated the 1st March, 2005], hereby directs that all goods specified under the Chapter, heading, sub-heading or tariff item of the First Schedule to the said Act, having regard to the sales tax, value added tax, local tax and other taxes or charges leviable on sale or purchase or transportation of like goods in India, when imported into India, shall be liable to an additional duty of customs at the rate of four percent. ad valorem.
[F.No.334/3/2006-TRU](S.Bajaj)
Under Secretary to the Government of India
(Please refer CUS CIR NO. 18/2006 DATE 05/06/2006)Presented by eximkey.com