Tarrif rate

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....arrif rate<br> Query (Issue) Started By: - RAMESH ANANTHAKRISHNAN Dated:- 13-11-2017 Last Reply Date:- 15-11-2017 Central Excise<br>Got 5 Replies<br>Central Excise<br>Dear Sir, We are producing synthetic filaments falls under under Chapter 54. Ministry of Finance has issued Notification No: 80/2017 dated 27.10.2017 announcing the increase of import duty for certain products especially in Chapter ....

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....54 from 7.5% to 20%. We understand that the above the ministry has proposed to increase the tariff but this will be amended only after issuing Effective rate Notification. Is it right? If so, normally how long the department will issue the effective rate notification. Kindly advise. Reply By MARIAPPAN GOVINDARAJAN: The Reply: It cannot be ascertained. It may be notified early or it will take t....

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....ime. Reply By KASTURI SETHI: The Reply: Notification is always implemented either from the date of issue of notification or from a specific date mentioned in the notification per se. Here Notification says &#39;immediate action&#39; in the first paragraph. Reply By Rajagopalan Ranganathan: The Reply: Sir, The Notification No. 80/2017 had been issued on 27.10.2017. since no separate date is p....

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....rovided for coming into effect of the said notification it is effective from 27.10.2017. Therefore in respect of headings 5401, 5402, 5403, 5404, 5405 and 5406, the rate of duty is "20%" with effect from 27.10.2017. Reply By Ganeshan Kalyani: The Reply: Yes, if date of notification is not mentioned specifically then the date of notification is the date when the amendment comes into effect. Rep....

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....ly By CS SANJAY MALHOTRA: The Reply: Dear Ramesh, Seems you missed out Custom Notification No. 82/2017 dated 27.10.17. Same shall resolve your query.<br> Discussion Forum - Knowledge Sharing ....