Exemption conditions for plastic strips and woven bags revised; input duty credit determines concessional rates and ad valorem duty. Amendments substitute tariff entries to impose specified concessional duties on strips of plastics used for weaving or for manufacture of sacks and bags, with differentiated rates depending on whether input duty credit has been availed. The amendment also inserts a new entry charging a 20% ad valorem duty on bags or sacks and fabrics woven from plastic strips, conditioned on non availability of input duty credit for inputs used in their manufacture.
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Provisions expressly mentioned in the judgment/order text.
Exemption conditions for plastic strips and woven bags revised; input duty credit determines concessional rates and ad valorem duty.
Amendments substitute tariff entries to impose specified concessional duties on strips of plastics used for weaving or for manufacture of sacks and bags, with differentiated rates depending on whether input duty credit has been availed. The amendment also inserts a new entry charging a 20% ad valorem duty on bags or sacks and fabrics woven from plastic strips, conditioned on non availability of input duty credit for inputs used in their manufacture.
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