Can DGFT be a bit more sensitive?

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: The list of 180 products that are to be de-reserved, as announced by the FM, has not been notified yet. The list of 69 reserved items, for which the investment limit has been hiked, is available at the Sido web site: http://www.smallindustryindia.com.

Second, there are 140 products that have investment limit of Rs 5 crore instead of Rs 1 crore for other SSI reserved items. The major categories include: hosiery & knitwear, hand-tools, stationery, sports goods, chemicals, food products, dyes, glass & ceramics and auto-parts & components.

We are exporting leather garments under the DEPB scheme. We import linings and accessories. In his recent budget speech, the FM introduced the additional countervailing duty (CVD) on all imports. Will this be levied on our imports also, which are done against the DEPB scheme?

—T Ravi Kumar, Chennai

No, you are not required to pay additional CVD. All goods on which no basic customs duty and additional duty of customs are leviable, are exempted from ACVD, too. DEPB being an exemption scheme, the goods imported under it are exempted. In other words, goods imported under DEPB are those on which no BCD or CVD is leviable and, therefore, ACVD is also not applicable to them.