Useful for CA CS CMA ICWA November/ December 2015 exams

1. Types of Customs Duties
• Ajay Babu Bandi
 Practising Chartered Accountant
 M.Com, FCMA,ACA,IFRS(Certified)

4. Additional Customs Duty Sec.3
 ACD is leviable in terms of sec.3 of the
Customs Tariff Act
 There are 3 types of ACD levy u/s 3
 ACD equivalent to Excise duty u/s 3(1)
ACD for counter balancing ED on Raw
materials u/s 3(3)
ACD for counter-balancing ST, VAT,
Local charges etc. u/s 3(5)

5. Levy of ACD u/s 3(1) is also
popularly known as Counter-
Vailing Duty(CVD)

14. Customs Duties -- others
Protective Duties Sec.6
Safeguard Duty Sec.8B
Countervailing Duty on subsidized Articles Sec.9
Anti Dumping Duty Sec.9A