Tariff change: Spirits for industrial use reclassified with high duty; specified actionable claims added with nil rate. The First Schedule is amended to create tariff item 2207 10 12 for Spirits for industrial use, defined as rectified spirits used for industrial preparation of pharma, food, healthcare or other products (excluding alcoholic liquors for human consumption), charged at 150%. Chapter 98 is revised to add 'actionable claims,' equate 'Online money gaming' and 'specified actionable claim' to CGST Act definitions, and insert heading 9807 for specified actionable claims with subheadings for betting, casinos, gambling, horse racing, lottery and online money gaming, each assigned a Nil rate, effective 1 October 2023.
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Tariff change: Spirits for industrial use reclassified with high duty; specified actionable claims added with nil rate.
The First Schedule is amended to create tariff item 2207 10 12 for Spirits for industrial use, defined as rectified spirits used for industrial preparation of pharma, food, healthcare or other products (excluding alcoholic liquors for human consumption), charged at 150%. Chapter 98 is revised to add "actionable claims," equate "Online money gaming" and "specified actionable claim" to CGST Act definitions, and insert heading 9807 for specified actionable claims with subheadings for betting, casinos, gambling, horse racing, lottery and online money gaming, each assigned a Nil rate, effective 1 October 2023.
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