No Duty on ATF After All - Board issues Corrigendum
IN DDT 1638 - 27.06.2011, while explaining the Customs Notification No. dated June 25 2011, we mentioned,
In the prevailing confusion, it appears that the Government has inadvertently imposed 5% basic customs duty on Aviation Turbine Fuel falling under Chapter 2710 19 20. In fact, goods falling under Chapter 2710 19 20 are notified at S. No. 77C of Notification No. 21/02-Cus. Since, the newly inserted S. No. 72B does not make any mention of excluding goods falling under 2710 19 20 notified at S. No. 77C, by virtue of the newly inserted S. No. 72B, Aviation Turbine Fuel falling under Chapter 2710 19 20 shall henceforth attract basic customs duty of 5%.
Now, Board has acted and issued a corrigendum to include 77C also in the complicated list. They have also included Sl. No. 596 – Petroleum Coke.
Corrigendum in F.No. 354/95/2008-TRU (Pt.I), Dated: June 29, 2011