Two opposite notifications in 20 days!
This query is : Resolved
28 January 2012
There has been a notification on 1st March 2011 that says 1% duty ad valorem on certain goods(geometry box Im looking for).
On 24th March 2011, another notification says 5% duty and includes of the many products, the geometry box too.
Now, what rate should I take.
Is the 5% duty as per 24.3 notification on MRP or ad valorem?
Thanks
Sanath
On 24th March 2011, another notification says 5% duty and includes of the many products, the geometry box too.
Now, what rate should I take.
Is the 5% duty as per 24.3 notification on MRP or ad valorem?
Thanks
Sanath
28 January 2012
Refer to 24 march Notification please Noted it is superseded of previous Notification.
Regards,
Regards,
30 January 2012
thanks for the reply. Can you please clarify what the latest position is.
30 January 2012
FOR QUICK REPLY PROVIDE ITC CODE OF THESE IMPORTED ITEMS.
REGARDS,
REGARDS,
01 February 2012
LATEST POSITION IS:
ITC CODE 7310 or 7326
DESCRIPTION: Mathematical boxes, geometry boxes and color boxes, pencil sharpeners
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-tarr2k11/cs32-2k11.pdf
ITC CODE 7310 or 7326
DESCRIPTION: Mathematical boxes, geometry boxes and color boxes, pencil sharpeners
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-tarr2k11/cs32-2k11.pdf
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