Latex Rubber Balloons for Holi Celebrations classifiable under HSN Code 95030099

In re Jai Shree Krishna Impex (CAAR Delhi) CAAR held that Toy Balloons mentioned in paragraph (D)(vii) of the Explanatory Notes to heading 9503 refer to latex/rubber balloons is correct and grounded in facts. CAAR am also of the view that “Toy Balloons” made of Latex don’t deserve classification under the heading 9505 as they are not purchased in market as decorative items but as toys for the purpose of play by children. CAAR would further like to emphasize the fact that as proposed in the application that the balloons would be only sold to those above the age of 14 years is ...