Types of Customs Duties

• Ajay Babu BandiPractising Chartered Accountant

M.Com, FCMA,ACA,IFRS(Certified)

Additional Customs Duty Sec.3ACD 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)

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

Customs Duties -- othersProtective Duties Sec.6Safeguard Duty Sec.8BCountervailing Duty on subsidized Articles

Sec.9Anti Dumping Duty Sec.9A