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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC/LIC/STEARIC_ACID
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18th Sept 2017
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ALL MEMBERS OF THE COUNCIL
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Important notification regarding Stearic Acid Import
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Dear Members,
Kindly note that CBEC has issued notification no. 76 dated 15/09/2017 for substitution of new Stearic Acid HS Code 38231100 in Notification no. 50 dated 30/06/2017.
The concerned members are aware that pursuant to change in HS code in the Union Budget 2017-18, stearic acid was being imported under HS code 38231100 which was not covered under AIFTA due to which higher duty was imposed. The council had also taken up the issue with TRU-CBEC.
With this new notification no. 76 dated 15/09/2017, Stearic Acid shall now be importable under HS Code 38231100 at concessional tariff (as per Serial No. 251 of Notification no. 50 dated 30/06/2017 which is now amended).
Members are requested to kindly take note of above. The original notification may be downloaded using below link.
http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-tarr2017/cs76-2017.pdf
Thanking you,
Yours faithfully,
S.G BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
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