Exemption from Safeguard Duty and Anti Dumping Duty for Imports under DFIA
NOTIFICATION No. 98/2009-Cus dated 11.09.2009, exempts materials imported into India against a Duty Free Import Authorisation (DFIA) from the whole of the duty of Customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, and from the whole of the additional duty, safeguard duty and anti-dumping duty leviable thereon.
Now the Government has amended this notification to restrict the exemption of safeguard duty and anti-dumping duty.
With effect from 17th September 2013, the exemption from safeguard duty and anti-dumping duty shall not be available in case materials are imported against an authorisation that has been made transferable on or after the 18th April, 2013 by the Regional Authority.
With effect from 17th September 2013, in case the imported materials are transferred with the permission of Regional Authority, and where such permission is granted on or after the 18th April, 2013, the importer shall pay an amount equal to the safeguard duty and anti-dumping duty leviable on the material so imported and transferred, together with interest at the rate of fifteen per cent per annum from the date of clearance on import of the said materials.
Notification No., Dated: September 17, 2013