Effective duty on clocks and components: amendment imposes ad valorem excise charge on specified tariff entries. The notification amends the exemption schedule by inserting Sl. No. 3A for goods under headings 91.03 or 91.05 (goods other than those in Sl. No. 3) at a 5% ad valorem duty, and Sl. No. 5 for components of those clocks classifiable under headings 85 or 91, likewise subject to a 5% ad valorem duty, thereby creating a distinct excise charge for clocks and their components.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Effective duty on clocks and components: amendment imposes ad valorem excise charge on specified tariff entries.
The notification amends the exemption schedule by inserting Sl. No. 3A for goods under headings 91.03 or 91.05 (goods other than those in Sl. No. 3) at a 5% ad valorem duty, and Sl. No. 5 for components of those clocks classifiable under headings 85 or 91, likewise subject to a 5% ad valorem duty, thereby creating a distinct excise charge for clocks and their components.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
