Case Law Details
In re M/s Fermenta Biotech Ltd. (CAAR Mumbai)
CAAR held that Light Feed Oil or Distilled Fatty Acid and Heavy Feed Oil or Fatty Substance Mixture merit classification under sub-headings 15042090 and 15161000, respectively, of the first schedule to the Customs Tariff Act, 1975. HFO, falling under sub-heading 15161000 is eligible for concessional rate of duty @ 30% adv. having been covered under sr.no. 75 of the table appended to the notification no. 50/2017 Cus., dated 30.06.2017, as amended.
FULL TEXT OF ORDER OF CUSTOMS AUTHORITY OF ADVANCE RULING, MUMBAI
M/s. Fermenta Biotech Ltd. (hereinafter, the applicant) situated at A-1501, Thane One, DIL Complex, Ghodbunder Road, Thane West, PIN- 400610 and having the IEC No. 0388076381, intends to import two different products, namely, Light Feed Oil or Distilled Fatty Acid and Heavy Feed Oil or Fatty Substance Mixture from Harting SA, Chile and are seeking classification of the same, as well as applicability of notification, if any, issued under sub-section (1) of section 25 of the Customs Act, 1962.
2. The applicant has made the following submissions along with the report of Harting SA, Chile:-
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