Tarrif rate

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..... 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 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 rat .....

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..... e 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 time. - Reply By KASTURI SETHI - The Reply = Notification is always implemented either from the date of issue of notification or from a specifi .....

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..... c date mentioned in the notification per se. Here Notification says 'immediate action' 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 provided for coming into effect of the said notification it is effective from 27.10.2017. Therefore in respect of headings 5401 , .....

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..... 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. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Ramesh, Seems you missed out Custom Notification No. 82/2017 da .....

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..... ted 27.10.17. Same shall resolve your query. - Tarrif rate - Query Started By: - RAMESH ANANTHAKRISHNAN Dated:- 13-11-2017 Central Excise - Got 5 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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