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TMI BlogSeeks to implement a graded BCD structure for smart meters and its parts, sub-parts and sub-assemblyX X X X Extracts X X X X X X X X Extracts X X X X ..... or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as are specified in the corresponding entry in column (2) of the said Table, when imported into India, from so much of the duty of customs leviable thereon under the said First Schedule as is in excess of the amount calculated at the standard rate as specified in the corresponding entry in column (4) of the said Table, subject to any of the conditions as specified in the Annexure to this notification, the Condition No. of which is mentioned in the corresponding entries in column (5) of the said Table. TABLE S.No. Chapter or heading or sub-heading or tariff item Description of goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 and 7 6. Any Chapter Inputs or parts or sub-parts for use in manufacture of items mentioned at S. No. 5. Nil 1 and 3 7. 1 [ 8524 11 90 or 8524 91 90 ] Liquid Crystal Display (LCD) or Back light for LCD for use in manufacture of Smart Meters. Nil 1 and 4 5% 1 and 5 10% 1 and 6 10% 1 and 7 8. Any Chapter Inputs or parts or sub-parts for use in manufacture of items mentioned at S. No. 7. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st April, 2022 upto 31st March, 2023. 5. Valid from 1st April, 2023 upto 31st March, 2024. 6. Valid from 1st April, 2024 upto 31st March, 2025. 7. Valid from 1st April, 2025 onwards. 2. This notification shall come into force on the 2nd day of February, 2022. [F. No. 334/01/2022-TRU] (Nitish Karnatak) Under Secretary to the Government of India **************** NOTES:- 1. Substituted vide NOTIFICATION NO. 34/2023-Customs dated 29-04-2023 w.e.f. 01-05-2023 before it was read as, 8524 11 00 or 8524 91 00 - Notification Tax Management India - taxmanagementindia - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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