The product “Rice Bran" is classifiable under Tariff Item 2302 40 00 and is leviable to GST @5%.
Classification of goods— In the instant case, appellant has filed an application for advance ruling before the Gujarat Authority for Advance Ruling wherein it requested to decide the tariff heading under which the product ‘Rice Bran (22+ Oil)’ is covered and also to decide the rate of GST applicable on the said product.
The GAAR, observed that the product is not ‘Rice Bran’ within the meaning of ‘Rice Bran’. As such, the only option available was to classify the said product in the residual entry of Chapter 38 pertaining to Miscellaneous Chemical Products.
The issue involved in this case is the classification of the product being manufactured and supplied by the appellant, which is termed as ‘Rice Bran (22+Oil)’, and the applicable rate of GST on the said product.
Held that— This authority modified the advance ruling and held that the product “Rice Bran (22+ Oil) is covered under entry at Sr. No. 103A of Schedule – I of Notification No. 1/2017-Central Tax (Rate), and is leviable to Goods and Services Tax @ 5% ad-valorem (2.5% CGST + 2.5% SGST).
The product “Rice Bran" is classifiable under Tariff Item 2302 40 00 and is leviable to GST @5%.
Classification of goods— In the instant case, appellant has filed an application for advance ruling before the Gujarat Authority for Advance Ruling wherein it requested to decide the tariff heading under which the product ‘Rice Bran (22+ Oil)’ is covered and also to decide the rate of GST applicable on the said product.
The GAAR, observed that the product is not ‘Rice Bran’ within the meaning of ‘Rice Bran’. As such, the only option available was to classify the said product in the residual entry of Chapter 38 pertaining to Miscellaneous Chemical Products.
The issue involved in this case is the classification of the product being manufactured and supplied by the appellant, which is termed as ‘Rice Bran (22+Oil)’, and the applicable rate of GST on the said product.
Held that— This authority modified the advance ruling and held that the product “Rice Bran (22+ Oil) is covered under entry at Sr. No. 103A of Schedule – I of Notification No. 1/2017-Central Tax (Rate), and is leviable to Goods and Services Tax @ 5% ad-valorem (2.5% CGST + 2.5% SGST).