HS Code of 870421 (MOTOR VEHICLES FOR THE TRANSPORT OF GOODS)

Description:

MOTOR VEHICLES FOR THE TRANSPORT OF GOODS.

HS codes falls under this category.

87042110 87042120 87042190

Incentives of 870421 (MOTOR VEHICLES FOR THE TRANSPORT OF GOODS)

HS Codes	Duty Drawback	Unit	Drawback Rate	Drawback cap per unit in Rs.
87042110	Duty Drawback	-	2	-
87042120	Duty Drawback	-	2	-
87042190	Duty Drawback	-	2	-

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

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
87042110	Other, with compression-ignition internal combustion piston engine (diesel or semi- diesel):g.v.w. not exceeding 5 tonnes:Refrigerated	1.5%%
87042120	Other, with compression-ignition internal combustion piston engine (diesel or semi- diesel):g.v.w. not exceeding 5 tonnes:Three-wheeled motor vehicles	1.5%%
87042190	Other, with compression-ignition internal combustion piston engine (diesel or semi- diesel):g.v.w. not exceeding 5 tonnes:Other	1.5%%