“Quick Lime” Properly classifiable under Harmonized System (HS) code for quicklime: CESTAT rules in Favour of Jindal Stainless Ltd

The CESTAT ruled that quick lime is properly classified under the Harmonized System (HS) Code, siding with Jindal Stainless Ltd. The company had disputed the classification of quick lime for taxation purposes, arguing that it fell under a different HS code. The tribunal’s ruling affirms the correct classification and ensures compliance with customs regulations. This decision has implications for companies involved in the production or trade of quick lime, providing clarity on the correct classification for tax purposes. It highlights the importance of understanding HS codes in international trade and taxation.