Valuation Ruling 1543/2021
In Valuation Ruling 1543/2021, Customs Values of Passenger Cars Tyres & Tubes under Section 25-A of the Customs Act, 1969.
Customs Values of Passenger Cars Tyres & Tubes
- Customs values for Tyres and Tubes-I (Passenger Cars)- hereinafter specified, shall be assessed to duty / taxes on the Customs Values as mentioned at Annexure-A, which form integral part of this Valuation Ruling along with following conditions:
- If a radial tyre is imported which is not covered in this Ruling and whose specifications are similar to normal tyre except for being radial, such tyres may be assessed at 12% higher value than that of the normal tyre.
- Values of the tyres with different “ply” shall be assessed by adding or subtracting from the determined value @ 3% per two ply rating.
- Discount of 5% is admissible for import of tyres and tubes through land route on C&F value determined by this Directorate General.
- If tyres and tubes having specifications other than those mentioned in the valuation ruling are imported, the Collectorates may assess the goods under Section 25-A of the Customs Act, 1969 or may refer a case to this Directorate General for suitable advice
Description of goods:
Tyre & Tube (Passenger Cars)
HS Code of Passenger Cars Tyres & Tubes:
4011.1000
Vehicle Type:
PSS CAR
RIM Size:
12, 13, 14, 15, 16, 17, 18, 19
