Tarrif Classification

[mohan sehgal]

Whether Cycle lock will fall under Tarrif 8310 or8714

[Rajagopalan Ranganathan]

Sir,

Parts of bi-cycles will fall under heading 8714 of first schedule to Central Excise Tariff Act, 1985. They are chargeable to "Nil' rate of duty vide Sl. No. 293 of Notification No. 12/2012-CE dated 17.

AI Summary

Tariff classification of cycle locks: treated as bicycle parts and attract a nil excise duty under the relevant notification. Parts of bicycles, including cycle locks, fall within the tariff heading for bicycle parts and are chargeable at a nil rate of duty under the excise notification referenced in the reply, so they are treated as bicycle components for excise purposes.