Hi. Can anyone explain in detail the following.
Rejected/ substandard Nylon/Polyester belting Fabric is being imported into india from USA.
Question:
1. what is the rate of duty on above product.
2. is there anti dumping for import of this product ( substandard) from USA.
3. What is the EDI price for calculation of Customs duty usually adopted for this product?
Expecting advice at the earliest. thanks in advance.
ABF.
ABF Group seeks clarity on import duties for rejected nylon/polyester fabric; explores licensing and customs valuation issues. ABF Group of Companies India inquired about import duties on rejected nylon/polyester belting fabric from the USA. They sought clarity on duty rates, anti-dumping measures, and customs valuation. Respondents highlighted that second-hand goods are generally restricted under the Foreign Trade Policy, requiring a license for import. Importing without a license could result in customs action. Anti-dumping duties depend on the country of origin, with the USA typically not covered. For customs valuation, the transaction value is standard, supported by a Chartered Engineer's certificate, though customs can use the manufacturer's list price if necessary. (AI Summary)
TaxTMI 
TaxTMI 
