ELECTRICAL IGNITION OR STARTINGEQUIPMENT OF A KIND USED FORSPARK-IGNITION OR COMPRESSION-IGNITION INTERNAL COMBUSTIONENGINES (FOR EXAMPLE, IGNITIONMAGNETOS, MAGNETO-DYNAMOS,IGNITION COILS, SPARKING PLUGSAND GLOW PLUGS, STARTER MOTORS); GENERAT ORS (FOR EXAMPLE, DYNAMOS, ALTERNATORS) AND CUT-OUTS OF A KIND USED IN CONJUNCTION WITH SUCH ENGINES.
HS codes falls under this category.
HS Codes | Duty Drawback | Unit | Drawback Rate | Drawback cap per unit in Rs. |
85112010 | Duty Drawback | - | 2 | - |
85112090 | Duty Drawback | - | 2 | - |
PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.
HS Codes | Product Description | Reward under MEIS |
85112010 | Ignition magnetos; Magnetos-dynamos; Magnetic flywheels:Electronic ignition magnetos | 0.8%% |
85112090 | Ignition magnetos; Magnetos-dynamos; Magnetic flywheels:Other | 0.8%% |