Circular No.ES/58/2018-19 May 24, 2018
To: Members of the Council
Sub: Clarification on the term `Duty` under Sl.No.3 of Appendix-3A of Foreign Trade Policy 2015-2020.
DGFT has issued Policy Circular No. 07/2015-2020 dated 23rd May, 2018 regarding clarification on the term `Duty` under Sl.No.3 of Appendix-3A of Foreign Trade Policy 2015-2020.
In this regard, DGFT had received references from the members of Trade seeking clarification on whether the term `Duty` appearing in Appendix- 3A, Sl. No.03 is “Basic Customs Duty” only or all Customs duties (including BCD + SAD/ IGST).
Now, DGFT has examined the above issue and has clarified that the term `Duty` used in respect of the items listed in Appendix-3A is to be read as “ Basic Customs Duties” only and not “all Customs duties (including BCD = SAD/ IGST)”.
Members may kindly make a note of the above.