The Ministry of Finance (Department of Revenue),Government of India has made the following changes vide Notification No. - 75 / 2011 dated the 28th October, 2011 in the Notification No. 68 / 2011 -Customs (N.T.) dated the 22nd September, 2011.
The following changes have been made in the notes and conditions of the Schedule of Central Excise Duties and Service Tax Drawback Rules, 1995.
A) As per Para 3 of Notification No. 68 / 2011 -Customs (N.T.) dated the 22nd September, 2011,
all artware or handicraft items shall be classified under the heading of artware or handicraft (of constituent material).
all artware or handicraft items shall be classified under the heading of artware or handicraft (of constituent material).
Now a new Para (3A) has been inserted and therefore notwithstanding anything contained in the Schedule of Central Excise Duties and Service Tax Drawback Rules, 1995:
- any identifiable ready to use machined part or component
- predominantly made of iron, steel or aluminium, made through casting or forging process, and
- not specifically mentioned at six digit level or more in Chapter 84 or 85 or 87,
- may be classified under the relevant tariff item (depending upon material composition and making process) under heading 8487 or 8548 or 8708, as the case may be,
- irrespective of classification of such part or component at four digit level.
B) Sub Para (f) of Para (8) has been omitted and therefore
- the rates of drawback specified in the said Schedule shall be applicable
- to export of a commodity or product if such commodity or product is exported
- under the Duty Entitlement Pass Book Scheme as contained in the Foreign Trade Policy, read with the Hand Book of Procedures issued in pursuance of the provisions of the said policy.
C) Now Para 13 will be read as
- In respect of the tariff items in Chapters 60, 61, 62 and 63 of the said Schedule,
a) The blend containing cotton and man-made fibre shall mean that
- Content of man-made fibre in it shall be
- More than 15% but less than 85% by weight and
b) The blend containing wool and man-made fibre shall mean that
- Content of man-made fibre in it shall be
- More than 15% but less than 85% by weight.
c) The garment or made-up of cotton or wool or man-made fibre or silk or noil silk shall mean that
- The content in it of the respective fibre is 85% or more by weight.
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