Amicus Customs Alert : Trends in Levy of 'Extra Duty Deposit'

The levy of Extra duty deposit (“ in case of Related Party Imports has been a bone of

contention under Customs Regulations Fundamentally EDD is a security deposit levied

during pendency of investigation by Special Valuation Branch 1 ( Goods are assessed

and cleared provisionally subject to payment of EDD Though, the Central Board of Indirect

Tax and Customs (“ has from time to time issued specific guidance on the levy of EDD,

yet same has seldom been adhered to opening floodgates for litigation This alert delves into

the manner of imposition of the levy and the intricacies surrounding its rate, time period

etc.

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