The Epoxidised Soya bean Oil is rightly classifiable under tariff item 1518 and GST @5% is leviable as the said product is specifically covered under the entry no.90 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017.
Classification of goods— The following questions have been posted before the Authority in the application:-
Whether Epoxidised Soya bean Oil can be classified under tariff item 1518 of Schedule-I (taxable at 5%) or Schedule-II (taxable at 12%) of Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time?
The Applicant have submitted that the Epoxidised Soya Oil in India is being import through customs and supplied by other manufacturer i.e M/s Barlocher India Additive Ltd. In India under chapter heading 1518 and paying tax @5%.
Held that— The Epoxidised Soya bean Oil is rightly classifiable under tariff item 1518 and GST @5% is leviable as the said product is specifically covered under the entry no.90 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017
The Epoxidised Soya bean Oil is rightly classifiable under tariff item 1518 and GST @5% is leviable as the said product is specifically covered under the entry no.90 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017.
Classification of goods— The following questions have been posted before the Authority in the application:-
Whether Epoxidised Soya bean Oil can be classified under tariff item 1518 of Schedule-I (taxable at 5%) or Schedule-II (taxable at 12%) of Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time?
The Applicant have submitted that the Epoxidised Soya Oil in India is being import through customs and supplied by other manufacturer i.e M/s Barlocher India Additive Ltd. In India under chapter heading 1518 and paying tax @5%.
Held that— The Epoxidised Soya bean Oil is rightly classifiable under tariff item 1518 and GST @5% is leviable as the said product is specifically covered under the entry no.90 of Schedule-I of Notification No. 1/2017-Central Tax (Rate) dated June 28, 2017