Interpretative Rules of Classification

There are 6 rules for interpretation in CETA, these would be studied in final level in detail

These rules are similar to rules in HSN

 

What is Trade Parlance Theory

Trade Parlance means Normal trade name in market

If a product is not adequately classified as per CETA, then it should be classified as per popular meaning attached to it

However when tariff heading itself uses highly scientific or technical terms, then is should be classified in scientific or technical sense.

  1. Indirect Tax
  2. Excise
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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