Mr Nilesh Parekh
Asked by
Tariff classification: classify polyethylene and polypropylene ropes under the specific polymer heading to avoid misclassification penalties.
Whether polyethylene or polypropylene twines, cordage, ropes and cables qualify for MEIS depends on correct tariff classification; practitioners advise using the HS heading that specifically describes polymer-made ropes (56074900) rather than the residual "other" heading (56079090) to avoid customs queries and penalties. Although an informational table lists a MEIS reward rate for the residual heading, exporters must follow chapter notes and accurate classification when claiming incentives because misclassification is an offence. (AI Summary)
Whether polyethylene or polypropylene twines, cordage, ropes and cables qualify for MEIS depends on correct tariff classification; practitioners advise using the HS heading that specifically describes polymer-made ropes (56074900) rather than the residual "other" heading (56079090) to avoid customs queries and penalties. Although an informational table lists a MEIS reward rate for the residual heading, exporters must follow chapter notes and accurate classification when claiming incentives because misclassification is an offence. (AI Summary)
Sir I would like to know that whether MEIS can be claimed under HS code 56079090 if ropes and twines are made up of polyethylene or polypropylene. Please guide as to whether MEIS can be claimed or not
TaxTMI