Question

what is special additional duty(SAD)????​

Answer 1

Answer:

Explanation:

Special Additional Duty (SAD) is the duty paid on the imported goods. The importer could claim for the refund of the SAD after the subsequent sale of the imported goods. Special additional duty is levied on imports to ensure that local sellers do not lose out on competition . i.e.SAD is levied due to the reason that imports are cheap compared to price charged by local manufacturer. Thus to ensure both the imports and local prices are equal special additional duty is levied to counter balance the sales tax or value added tax payable by local manufacturers.