Circular No. ES/233 /2018-19 October 1, 2018
To: Members of the Council
The Council would like to inform you that CBIC has issued Notification No. 72/2018- Customs dated 28th September, 2018 amending Notification No. 50/2017- Customs dated 30th June, 2017 to reduce the import duty on parts/ components used in manufacturing of specified textile machinery to Nil.
Relevant extract of the Notification no. 72/2018- Customs is as follows:-
In the said notification, in the Table, after serial number 461 and the entries relating thereto, the following serial number and entries shall be inserted.
Sr. No. |
Chapter or Heading or sub– heading or tariff item
|
Description of goods |
Standard rate
|
Integrated Goods and Services Tax
|
Condition No.
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
“461A |
8448 |
The following goods, namely: – (i) High Speed Dobby mechanical or electronic (300 rpm and above) (tariff item 8448 19 00); (ii) High Speed Jacquard mechanical or electronic (300 rpm and above) (tariff item 8448 19 00); (iii) Automatic Yarn Splicers for Automatic Cone Winders (tariff item 8448 32 90); (iv) Spindle Motor for Automatic Cone Winders (tariff item 8448 32 90); (v) Grooved Winding Drums for Automatic Cone Winders (tariff item 8448 32 90); (vi) Compact Spinning attachment (tariff item 8448 39 90); (vii) Air Jet weft insertion mechanism fitted with relay nozzles and electronic controls (tariff item 8448 42 90); (viii) Water Jet weft insertion system fitted with water supply mechanism and electronic control (tariff item 8448 42 90); (ix) Profile Reed for Air Jet or Water Jet looms (tariff item 8448 42 90); (x) Rapier tape, Rapier head or Rapier drive wheel (tariff item 8448 49 50); (xi) Weft Feeders with or without electronic controlling mechanism (tariff item 8448 49 50); (xii) Accumulators with or without electronic controlling mechanism (tariff item 8448 49 50); (xiii) Weft selectors with programmer (tariff item 8448 49 50); (xiv) Electronic weft stop motion (tariff item 8448 49 50); (xv) CAM for CAM Beat-up rapier loom (tariff item 8448 49 90); (xvi) Electronic take up motion fitted with servo motor control (tariff item 8448 49 90); (xvii) Electronic let off motion fitted with servo motor control (tariff item 8448 49 90). |
Nil |
– |
– |
Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S.BALARAJU
EXECUTIVE DIRECTOR