Import of Cash Dispenser falling under HSN 8472 is exempted vide serial number 467(i) and imports of parts of Cash Dispenser (hereinafter referred to as 'CD')is exempted vide serial number 467(ii) of Notification 50/2017.
Import of parts and components of CD for the manufacture of parts of CD (parts of CD falls under HSN 8473) is it exempted from the levy of BCD under the above notification.
Similarly import of ATM is exempted vide serial number 1 of Notification 25/2005 cus. Import of Parts of ATM is exempted vide serial number 33 of Notification 25/2005.
Both the cases are identical.
Would appreciate the revertal.
Regards
S.Ramaswamy
Debate on Customs Duty Exemption for Cash Dispenser Parts Under Notifications 50/2017 and 25/2005: Manufacturer vs. Department A discussion on a forum addresses the exemption of customs duty for parts of cash dispensers (CD) and ATMs under Notifications 50/2017 and 25/2005. The initial query questions whether parts used in manufacturing CDs are exempt from the basic customs duty (BCD). The discussion includes differing views: the department's stance that only parts for manufacturing CDs are exempt, while the assessee argues that sub-parts used in assembly should also be exempt. The discussion suggests seeking clarification from authorities to avoid potential legal issues, and efforts are underway to address this with the government. (AI Summary)
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