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TMI BlogDuty on yarn wasteX X X X Extracts X X X X X X X X Extracts X X X X ..... We are 100% EOU and imported cotton yarn without payment of duty as notfn no. 52/2003 Cus . During the manufacturing process, yarn waste (ch 5202 1000) is generated and we have cleared the same into ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DTA without payment of duty claiming exemption of notification no.23/2003 CE sr.no.15. Now my question is.. 1. Duty is applicable on this?if yes what the rate? 2. Can department ask for duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on assessable value as per bill of entry of cotton yarn contained in the yarn waste? Pl advise. - Reply By RAMESH PRAJAPATI - The Reply = Dear Mr Deepak, If waste generated during manufcatur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing process is within the limit as specified in the notifications no. 52/2003 Cus you can claim benefit of Ntfn. NO. 23/2003 CE ,.Otherwise, you will have to pay duty on Assessable Value declared o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Bill of Entry at the time of import and at the prevailing rate of customs duty on the date of clearance after obtaining permission from jurisdictional deputy commissioner of excise / customs. Than ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ks Ramesh - Duty on yarn waste - Query Started By: - deepak kalambate Dated:- 21-7-2012 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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