Compensation cess rate on Motor vehicle under HSN 8702
The Compensation cess rate on goods under HSN 8702 has been Revised as per GST council meet held on 18th January, 2018. The details of revised Compensation cess rate on Motor vehicle under HSN 8702 is as follows:
Latest Compensation cess rate on Motor vehicle under HSN 8702
HSN number: 8702
Motor vehicles [falling under heading 8702, as it was in excise regime] cleared as ambulances, duly fitted with all fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such vehicles.10-13 seater buses and ambulances, subject to specified conditions.
Compensation cess rate before 18th January, 2018: 15%
Revised Compensation cess rate w.e.f 18.01.2018: Nil
The above information is about revised Compensation cess rate on Motor vehicle under HSN 8702. If you would like to add more information about revised Compensation cess rate on Motor vehicle under HSN 8702, share below your thoughts:
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