NAA: Not passing CVD benefit post-GST constitutes 'profiteering', directs fresh investigation covering all products

Dec 03,2018

NAA upholds a case of profiteering u/s 171 of CGST Act, 2017 in respect of imported goods i.e. Milling Machines and Sintering Furnaces, where base price was not reduced to extent of CVD (at 12.5%) which was inapplicable after GST rollout; Notes applicant’s contention that after coming into GST, CVD and SAD were subsumed into IGST, therefore, Respondent should have reduced base price to extent of CVD as well as to extent of IGST credit available; Rejects Respo...

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