Change Tariff Item

[RAM SHARMA]

Dear Experts

As per new foreign trade policy guidlines ourTariff item has been changed for taken MEIS Scheme benefit but in our excise return we are showing different tariff item. Now, Whether we can change our tariff item in our excise return according to MEIS Scheme. What will be the consequences if we change our tariff item in our excise return. Please advice.

ThanksandRegards

[YAGAY andSUN]

Dear Ram,

Changing Tariff Heading just for the sake of getting/availing Export Promotion benefit without changing the constituents of the finished goods may be lethal. Please make a representation to the DGFT and Central Excise Commissioner in this regard and get the clarification before taking any decision to change the tariff heading on your own.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

[RAM SHARMA]

Dear Sir,We are not changing our main chapter head. We want change only last four digit which will transfer from main item to other item catagory.Thanks

AI Summary

Tariff classification risk: altering tariff item to secure export benefits may prompt regulatory scrutiny and compliance consequences. Changing tariff classification in excise returns to obtain export promotion benefits raises regulatory and compliance concerns: reclassifying the tariff item without changing the finished goods' constituents can lead to allegations of misclassification, retrospective challenge, penalties, and other adverse consequences. Before amending returns-even where only the last four-digit subheading is altered-seek written clarification or administrative representation from the relevant export and excise authorities to ensure acceptability and avoid compliance exposure.