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

[Rama Krishana]

You may go through the chapters 27 and 34 specifically the headings 2710 and 3403 to get the proper classification of your products. Further the general rate of duty for the product classifiable under heading 3403 is 8% whereas the rate of duty on goods classifiable under 2710 is 14% - For more details updated central excise tariff - basic excise duty schedule in this website.

[Rama Krishana]

Correction - certain items of heading 2710 are liable to duty at the rate of 14% + Rs. 15.00 per liter and certain items of headign 2710 are liable at 14%. Further you may visit exemption notifications also to see if there is any exemption relating to these products.

AI Summary

Tariff classification governs duty treatment of engine and industrial oils; specific headings determine applicable rates and exemptions. Classification of engine and industrial oils depends on tariff headings: items classifiable under heading 3403 are subject to a lower general basic excise duty, while items under heading 2710 attract a higher general duty and certain items incur an additional specific per liter duty; review precise tariff subheadings and exemption notifications to determine applicable treatment.