Duty on yarn waste

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..... Duty on yarn waste
Query (Issue) Started By: - deepak kalambate Dated:- 21-7-2012 Last Reply Date:- 2-8-2012 Customs - Exim - SEZ
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Customs
We are 100% EOU and imported cotton y .....

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..... arn 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 DTA without payment of duty claiming ex .....

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..... emption 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 on assessable value as per bill of entry of c .....

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..... otton yarn contained in the yarn waste? Pl advise. Reply By RAMESH PRAJAPATI: The Reply: Dear Mr Deepak, If waste generated during manufcaturing process is within the limit as specified in the not .....

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..... ifications 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 on Bill of Entry at the time of import and at the prevailing .....

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..... rate of customs duty on the date of clearance after obtaining permission from jurisdictional deputy commissioner of excise / customs. Thanks Ramesh
Discussion Forum - Knowledge Sharing .....

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