Rate of duty and tarriff no

[pardeep bisht]

please clear Engine Oil., Coolant, Hydraulic Oil CNG Engine Oil,Gear Oil,Cutting Oil,Industrial Oil Grease fall under which excise tariff No. and what duty rate applicable on the same

AI Summary

Excise Tariff Classification: Check Chapters 27 & 34, Headings 2710 & 3403 for Oils; Duty Rates Vary by Category. A user inquired about the excise tariff classification and duty rates for various oils such as engine oil, coolant, and industrial oil. A respondent advised consulting chapters 27 and 34, specifically headings 2710 and 3403, for accurate classification. The general duty rate for products under heading 3403 is 8%, while those under heading 2710 are typically 14%. However, certain items in heading 2710 may incur an additional duty of Rs. 15.00 per liter. The respondent also suggested checking exemption notifications for potential duty exemptions.