Custom duty under 051/96 difference

[Rishi Gupta]

Dear Sir/ Madam:

Can anyone help me to know the difference between the custom duty under this act 051/96 & Normal for the product mentioned below:

1. HSN Code: 90118000

2. HSN Code: 90185090

Need support on urgent basis

please do the needful.

Thank you

Regard

Rishi Gupta

AI Summary

Customs Duty Differences: HSN 90118000 and 90185090 Under Notification 51/96 Offer 5% Rate With Conditions A participant inquired about the differences in customs duty under Notification No. 51/96 compared to normal rates for products with HSN codes 90118000 and 90185090. The response clarified that for HSN 90118000, the standard tariff rate is 7.5%, while the concessional rate under the notification is 5%, contingent on meeting specified conditions. For HSN 90185090, the standard rate is 10%, and the concessional rate is similarly 5%, also subject to fulfilling certain conditions.