Tarrif Classification
mohan sehgal
Cycle Locks Classified Under Tariff Heading 8714 with 'Nil' Duty Rate per Notification No. 12/2012-CE A query was raised regarding the tariff classification of cycle locks, questioning whether they should fall under tariff heading 8310 or 8714. The response clarified that parts of bicycles, including cycle locks, are classified under heading 8714 according to the Central Excise Tariff Act, 1985. These items are subject to a 'Nil' rate of duty as per Sl. No. 293 of Notification No. 12/2012-CE dated 17. (AI Summary)
TaxTMI
TaxTMI