CVD On Import of Jute Products from Bangladesh
BY Notification No. 8/2011-cus dated 14.2.2011, Government had exempted Jute products when imported from Bangladesh, from the whole of the additional duty of customs leviable under sub-section (1) of section 3 of the Customs Tariff Act.
These goods were exempted from payment of Central Excise Duty by Notification No. 30/2004 - Central Excise, dated the 09th July, 2004, subject to the condition that no CENVAT credit could be taken. For some strange reason, exemption from CVD was also allowed during the period commencing on the 9th day of July, 2004 and ending with the 13th day of February, 2011 by extending the exemption available under the notification No. 30/2004-CE.
Now, the Government has retrospectively exempted Jute products falling under headings 5310 and 6305 of the First Schedule to the Customs Tariff Act, imported from Bangladesh from the whole of the additional duty of customs, leviable thereon under sub-section (1) of section 3 under the Customs Tariff Act, during the above period.
Notification No. , Dated : November 27, 2013