Latex Party Balloons Are Toys, Not Decorations, Subject to Higher Duty: CAAR Mumbai

In re Blue Sky India Balloon Pvt. Ltd. (CAAR Mumbai) Overview of the Case In a recent advance ruling, the Customs Authority for Advance Rulings (CAAR), Mumbai, addressed a classification dispute concerning balloons made from latex rubber for festive and party decorations. The applicant, M/s. Blue Sky India Balloon Pvt. Ltd., sought clarification on the appropriate Customs Tariff Heading (CTH) for these imported goods. The ruling has significant implications as it determines the applicable customs duty, with a stark difference between the proposed classifications. Applicant’s Contention T...