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Implications of wrong hs code

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2014 We are in automotive industry. HS Code of our finished product which we are declaring in Excise documents and as per the technical specifications are different. But the Excise duty is same. Hence no any duty loss to Excise Dept.

What you suggest we should continue this as it is or we have to correct it.

What will be the implications if we continue this as it is.

Please answer.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
15 July 2014 Classification of goods and tariff head should be corrent even if rate of duty are same.

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