Packing machine duty rates revised for tobacco pouches, linking applicable rates to machine speed and retail price bands. Revises Notification No.16/2010 to link applicable duty to the maximum packing speed at which machines can be operated for packing specified pouches and to retail sale price bands, substituting Table-2 with a new schedule prescribing the rate of duty per packing machine per month across speed and product columns and providing a linear formula for prices above the top band, illustrated by a sample calculation.
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Packing machine duty rates revised for tobacco pouches, linking applicable rates to machine speed and retail price bands.
Revises Notification No.16/2010 to link applicable duty to the maximum packing speed at which machines can be operated for packing specified pouches and to retail sale price bands, substituting Table-2 with a new schedule prescribing the rate of duty per packing machine per month across speed and product columns and providing a linear formula for prices above the top band, illustrated by a sample calculation.
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