Tariff Notification No. 12/2016 dated 01-03-2016

[Chirag Jain]

Respected Sir,

We have Mfg. & Cleared goods "8413.70.10 - Submersible Pump" and "8413.91.20 - Submersible Spares"

As per the tariff notification no. 12/2016 Sl. No. (xvi) adding serial no 235A.

Please suggest from 01-03-2016 rate of duty for "8413.91.20 - Submersible Spares" is 6% or 12.50%

Note: We have cleared "8413.91.20 - Submersible Spares" upto 29-02-2016 at 12.50% rate of duty.

Best Regard,

Chirag Jain

AI Summary

Reduced excise duty for specified pump parts applies only when parts are used in centrifugal pump manufacture; submersible spares excluded.
Tariff Notification No. 12/2016 reduces excise duty for specified parts-shafts, sleeve, chamber, impeller, washer, and electric motor-when used in the manufacture of centrifugal pumps, subject to an actual user condition; parts for submersible pumps do not automatically qualify and require technical assessment. The notification also brings certain accessories into RSP-based assessment and amends the Third Schedule, with immediate effect under the provisional collection declaration.