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 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