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Rate of VAT

C.V.S.SHARMA (Business) (34 Points)

29 January 2009

What is the rate of VAT for Plastic valves? The custom tariff code for this is 3917.40.00. The rate of VAT for plastic pipes and fittings is 4%. Does the valve also come under the same catogory?

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2 Replies

Pradeep Jain (service) (143 Points)
Replied 29 January 2009

Originally posted by :C.V.S.SHARMA
"	What is the rate of VAT for Plastic valves? The custom tariff code for this is 3917.40.00. The rate of VAT for plastic pipes and fittings is 4%. Does the valve also come under the same catogory?	"

As per my understanding Plastic valves is not a raw plastic product, it's a ready to sell product hence VAT should be 12.5%. If it's a raw plastic which can be convert into final goods then VAT should be 4%.