What Is Classification System Used In Excise Tax?

1.	What Is Classification System Used In Excise Tax?
Answer» The excisable goods are classified by using 8-Digit system. Description with eight digits is termed as Tariff ITEM. A Tariff item under eight digit system would be interpreted as follows: Particulars Description FIRST Two Digits (33) Refers to chapter No. Subsequent Two digits (33 05) Refers to tariff Heading Subsequent Two digits (33 05 90) Refers to sub heading within a heading. Last Two digits (3305 90 40) Refers to tariff Item. Example:Tariff Entry 3305 90. The excisable goods are classified by using 8-Digit system. Description with eight digits is termed as Tariff item. A Tariff item under eight digit system would be interpreted as follows: Example:Tariff Entry 3305 90.

Answer»

The excisable goods are classified by using 8-Digit system. Description with eight digits is termed as Tariff ITEM.

A Tariff item under eight digit system would be interpreted as follows:

Example:Tariff Entry 3305 90.

The excisable goods are classified by using 8-Digit system. Description with eight digits is termed as Tariff item.

A Tariff item under eight digit system would be interpreted as follows:

Example:Tariff Entry 3305 90.

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