Can two Exemption Notifications be simultaneously allowed - CBEC Clarifies.
THE issue as to whether an importer can simultaneously avail the exemption benefits under two notifications, one for Basic Customs Duty and the other for CVD was clarified by the Board in Circular No.41/2013-Customs dated 21.10.2013 that an importer while availing of BCD exemption on steam coal under notification No.46/2011-Customs, dated 01.06.2011 can simultaneously avail of concessional CVD at 2% under S.No.123 of notification No.12/2012-Customs, dated 17.03.2012.
Drawing the same analogy, in the case of muriate of potash and urea for use in the manufacture of other fertilizers, Board clarifies that importers can simultaneously avail benefit of S.No.198 or 203 of notification No.12/2012-Customs, dated 17.03.2012 for concessional rate of BCD and S.No.127 of notification No.12/2012-Central Excise for CVD exemption.
This clarification is contained in the letter from JS, TRU explaining the notifications issued yesterday.
Please also see 22.10.2013
CBEC JSTRUD.O.F.No.334/5/2015-TRU, Dated: April 30, 2015