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Customs duty on empty cans/caps should be rationalised

JANUARY 15, 2018

By Pradeep Khatri, Sr Manager, SRF Ltd

BUDGET 2018 - Suggestions from Industry and Trade

Sr. No.
Issue
Justification
1 No Provision is prescribed in GST Law regarding availment of Input Tax Credit, if the Original Tax Invoice got misplaced.
There is a need to issue a circulars under GST Laws by disseminating the clarification/procedure/conditions for availment of Input Tax Credit on the Duplicate Copy of the Tax Invoice on event of misplacement of Tax Invoice, since, no procedure have been prescribed in the GST Laws. Prescribing such procedure in Budget 2018 will definitely bring sigh of relief in Trade fraternity.
2 Low Rate of Interest @ 6% is allowed on delayed refund. This needs to be rationalized.
Currently, under the GST Laws, non-payment of taxes within prescribed time limit attracts statutory interest ranging from 18% to 24% whereas if refunds are delayed then interest is freeze @ 6% p.a. This shows the disparity at the end of Revenue Department. We hereby request to increase the limit of interest to at least @ 12% p.a. on delayed refunds etc., as normally, credit institutions and bank do disburse funds/finance to the exporter on this particular rate of interest i.e. @ 12% p.a.
3 Customs Duty on empty CANs and Caps of such CANs needs to be rationalised.

We are currently importing following two packaging material for the purpose of packing of our finished goods from China & United States;

1. Empty CANs - from China (capacity of 450g & 340g)

2. Tin Plate Caps (for Empty CANs) -from United States

These empty cans and tin plate Caps are being used by us for filling our finished goods i.e. refrigerant gases in these CANs for the purpose of selling in the Indian Market.

Such Empty CANs do attract Customs Duty @ 10% under Tariff Heading 73102990 and Tin Plate Caps do attract Customs Duty @ 10% under Tariff Heading 73259999.

These CANs are specially designed to bear the internal compression as refrigerant is filled in these CANs under pressure. There is no manufacturer available of these CANs in India and due to this issue, we are procuring Empty CANs from China and its' Tin Plate Caps from United States.

Due to higher rate of customs duty on these packaging materials (i.e. on CANs and Tin Plate Caps), we are unable to compete with our competitors who are importing duly filled refrigerant CANs from China as these duly filled refrigerant CANs are cheaper in comparison with our manufactured refrigerant CANs.

We do hereby request you to kindly reduce the customs duty on Empty CANs and Tin Plate Caps to some extent (say within range of 5% to 7.5%) for the sake of capturing the Indian market and supporting the very concept of "Make in India".

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