Customs – Sri Lanka exemption not applicable to Notification No. 20/2006
As per Notification No. 20/2006 – cus dated 1.3.2006, certain goods are exempted from the Special CVD in lieu of sales tax/VAT. But this does not apply in some cases when the goods are exempted by some specified notifications. Now Notification No. 2/2007 Customs, dated the 5 th January, 2007 is added to the list. Now this Notification pertains to goods which are of the origin of Democratic Socialist Republic of Sri Lanka in accordance with the Customs Tariff (Determination of Origin under the Free Trade Agreement between the Democratic Socialist Republic of Sri Lanka and the Republic of India ) Rules, 2000.
But what about the period from 5.1.2007 to 10.1.2008? Mystery? Litigation?
NOTIFICATION NO. ., Dated: January 10, 2008