Compound Rubber Unvulcanised Classified Under Heading 40051000: CAAR Mumbai

In re Balkrishna Industries Limited (CAAR Mumbai) In the case In re Balkrishna Industries Limited (CAAR Mumbai), the Customs Authority for Advance Rulings (CAAR) examined the classification of the product “Compound Rubber Unvulcanised” intended to be imported by the applicant. The applicant sought a ruling on whether the said goods were classifiable under Heading 4005, specifically under Tariff Item (TI) 4005 1000 of the First Schedule to the Customs Tariff Act, 1975. The Authority noted that the issue pertained to classification under the Customs Act, 1962 and thus was covered under Secti...