https://www.taxtmi.com/caselaws?id=437642 Classification of a cryptographic device/token was determined by its functional character and principal use under Rule 1, the Chapter Notes to Chapter 84, and HSN guidance. Because the product operated as a cryptographic processor/peripheral used only with an automatic data processing system for signing, encryption and authentication, it was classified under Heading 8471 80 00 rather than under Headings 8473 30 99 or 8523. On that classification, the goods also qualified for exemption under serial number 8 of Notification No. 24/2005-Customs, since the benefit extended to goods falling under Heading 8471. The advance ruling accepted the applicant's tariff position and corresponding customs duty benefit. en-us Thu, 04 May 2023 00:00:00 +0530 Thu, 16 Nov 2023 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437642 Classification of a cryptographic device/token was determined by its functional character and principal use under Rule 1, the Chapter Notes to Chapter 84, and HSN guidance. Because the product operated as a cryptographic processor/peripheral used only with an automatic data processing system for signing, encryption and authentication, it was classified under Heading 8471 80 00 rather than under Headings 8473 30 99 or 8523. On that classification, the goods also qualified for exemption under serial number 8 of Notification No. 24/2005-Customs, since the benefit extended to goods falling under Heading 8471. The advance ruling accepted the applicant's tariff position and corresponding customs duty benefit. Case-Laws Customs Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437642