About import of gold dust!
This query is : Resolved
JNANENDRA KISHORE
(Querist)
14 October 2011
THERE ARE TWO HS CODES OF GOLD DUST--- 71081100 (NON MONETARY) AND 71082000 (MONETARY).
FIRST OF ALL CAN ANYBODY EXPLAIN ME THE DIFFERENCE BETWEEN THE TWO HS CODES FOR THE SAME PRODUCT.
UNDER THE FIRST CODE, 71081100, THE DIRECTORATE GENERAL OF FOREIGN TRADE HAS TOLD ME THAT I CAN IMPORT THE PRODUCT (SUBJECT TO RBI GUIDELINES). HOWEVER, UNDER THE HS CODE 71082000, I CANNOT IMPORT GOLD DUST. WHEN I GO TO FIND THIS PRODUCT AT www.cybex.in TO CALCULATE THE CUSTOMS DUTY WITH THE HS CODE OF 71081100, THE NEXT PAGE OPENS WITH THE HS CODE OF 71082000 TO CALCULATE THE CUSTOMS DUTY ONLINE.
CAN ANYBODY INFORM ME, WHETHER OR NOT, GOLD DUST IS RESTRICTED FOR IMPORTS TO INDIA?? PLEASE I NEED A CONFIRMED REPORT.
FIRST OF ALL CAN ANYBODY EXPLAIN ME THE DIFFERENCE BETWEEN THE TWO HS CODES FOR THE SAME PRODUCT.
UNDER THE FIRST CODE, 71081100, THE DIRECTORATE GENERAL OF FOREIGN TRADE HAS TOLD ME THAT I CAN IMPORT THE PRODUCT (SUBJECT TO RBI GUIDELINES). HOWEVER, UNDER THE HS CODE 71082000, I CANNOT IMPORT GOLD DUST. WHEN I GO TO FIND THIS PRODUCT AT www.cybex.in TO CALCULATE THE CUSTOMS DUTY WITH THE HS CODE OF 71081100, THE NEXT PAGE OPENS WITH THE HS CODE OF 71082000 TO CALCULATE THE CUSTOMS DUTY ONLINE.
CAN ANYBODY INFORM ME, WHETHER OR NOT, GOLD DUST IS RESTRICTED FOR IMPORTS TO INDIA?? PLEASE I NEED A CONFIRMED REPORT.
RAMESH KUMAR VERMA
(Expert)
29 October 2011
ITEM DESCRIPTION IS MENTIONED ON THE BELOW MENTIONED LINK FOR DUTY LINK IS :
https://www.cybex.in/indian-custom-duty/Gold-Plated-Platinum-Unwrought-Semi-Hs-Code-7108.aspx
https://www.cybex.in/indian-custom-duty/Gold-Plated-Platinum-Unwrought-Semi-Hs-Code-7108.aspx
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