Dear Sir,
We are supplying the Used Rails and HMS 1&2 steel Scrap. The buyer is trying to negotaite the rates as he claims that if we add the Indian Import duty to the CIF cost then it is not worth buying.
Therefore, please some one inform of the lates Import duty applicable on Used Rails and possibly the HMS 1&2 grade steel scrap.
Thank you in advance.
HADI VAKEEL
THIS ITEM OCCURS IN ITC CODE 7302 , DUTY IS BCD 10%, CVD 10%, CENTRAL EXCISE EDU CESS 3%
CUSTOM EDU CESS 3% AND SAD 4% (IN CASE OF IMPORT BY YOU) IF YOU IMPORT THIS ITEM DUTY WILL BE APPROX 27%.
ANY QUERY,
REGARDS,
We've contacted suppliers to supply HMS1/ 2. The origin of the scrap is from UK. We are acting as mediators. Will you please guide us, as to what kind of duties does HMS1/2 attract on Nhav Sheva Port?
i want to get some good advice that if i want to import plastic scrap material. can i do that? or plastic scrap is ban in india. how can i know this thing?
https://www.legalcrystal.com/case/634890/gurudev-overseas-limited-vs-central-customs USED RAIL SCRAP comes under HS: 72.04 and not under HS:73.02..... Thus concestional Duty of Scrap will apply.
CAclubindia
