<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Tribunal Reclassifies Imported Supplements, Reduces IGST Rate from 28% to 18%, Overturns Previous Order.</title>
    <link>https://www.taxtmi.com/highlights?id=75909</link>
    <description>Classification of goods - Import of Nutrition/Dietary Supplements - Levy of IGST @18% or 28% on Import - The tribunal noted that the Revenue argued for the classification of the goods under Serial No. 9 of Schedule IV, which attracted an IGST rate of 28%. - After a detailed analysis, the tribunal concluded that the goods in question did not fall under Serial No. 9 of Schedule IV. Instead, they determined that the correct classification was under Serial No. 453 and/or 23 of Schedule III, which attracted an IGST rate of 18%. - Therefore, the tribunal set aside the impugned order and allowed the appeal, granting consequential relief as per law.</description>
    <language>en-us</language>
    <pubDate>Thu, 21 Mar 2024 06:59:22 +0530</pubDate>
    <lastBuildDate>Thu, 21 Mar 2024 06:59:22 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=747707" rel="self" type="application/rss+xml"/>
    <item>
      <title>Tribunal Reclassifies Imported Supplements, Reduces IGST Rate from 28% to 18%, Overturns Previous Order.</title>
      <link>https://www.taxtmi.com/highlights?id=75909</link>
      <description>Classification of goods - Import of Nutrition/Dietary Supplements - Levy of IGST @18% or 28% on Import - The tribunal noted that the Revenue argued for the classification of the goods under Serial No. 9 of Schedule IV, which attracted an IGST rate of 28%. - After a detailed analysis, the tribunal concluded that the goods in question did not fall under Serial No. 9 of Schedule IV. Instead, they determined that the correct classification was under Serial No. 453 and/or 23 of Schedule III, which attracted an IGST rate of 18%. - Therefore, the tribunal set aside the impugned order and allowed the appeal, granting consequential relief as per law.</description>
      <category>Highlights</category>
      <law>Customs</law>
      <pubDate>Thu, 21 Mar 2024 06:59:22 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=75909</guid>
    </item>
  </channel>
</rss>