Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Bill - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Certain customs duty exemptions/concessions being allowed to ...


Customs duty exemptions/concessions on various items like telecom equipment, medical devices, renewable energy components to lapse from 30.9.2024.

Notes     Bill

July 27, 2024

Certain customs duty exemptions/concessions being allowed to lapse from 30.09.2024: 22 entries under notification 50/2017-Customs like wireless apparatus for amateur radio operators, foreign currency coins imported by banks, zinc metal recovered from toll smelting, spinnerettes of precious metals, coating materials for electrical steel, catalysts/resins for wind power generators, plastic sheets for smart cards, toughened glass for solar collectors, specified telecom goods, electrolysers/parts for caustic soda units, security equipment, batteries for electric vehicles, survey instruments for mineral exploration, inputs for catalytic converters, solar glass, inputs for medical devices. 6 notifications providing exemptions like standard gold bars imported by RBI-authorized banks, second-hand computers donated to schools, SAD exemption on IGST/CGST paid goods, SAD exemption for SEZ to DTA clearances, duty-paid fuel/spares for airlines being allowed to lapse.

View Source

 


 

You may also like:

  1. Review of customs duty exemptions - Extension of conditional exemption rates of BCD: The BCD exemption for specified goods covered under various serial numbers of...

  2. Budget 2022-23 - PRUNING AND REVIEW OF CUSTOMS DUTY CONCESSIONS/ EXEMPTIONS - A detailed statement

  3. Exemptions on import of various goods and inputs for specified purposes such as research and development, manufacture of specified products like fertilizers,...

  4. The Instruction No. 08/2024-Customs issued by the CBIC, discusses the exemption for importing high-end and high-value used medical equipment, excluding critical care...

  5. Revocation of Custom Duty Exemption Certificate (CDEC)- import of certain medical equipments - The gross abuse of customs duty exemption by these Institutions and as...

  6. Customs duty rates have been revised for various agricultural products, aquafarming and marine exports, critical minerals, steel sector, copper, chemicals and plastics,...

  7. Classification of imported goods - Optical Transceiver - Benefit exemption/ duty concession - The tribunal noted that similar goods had been classified in past judgments...

  8. Exemption from Customs Duty: Notification amends notification No. 50/2017-Customs to insert new entries 544A and 613 in the Table, granting concessional 5% customs duty...

  9. Exemption from IGST - Re-import of aircrafts and parts thereof after repairs - the meaning assigned to duty of customs, as discussed above, is the meaning assigned to...

  10. This notification amends various earlier customs duty notifications by making changes to the tariff item entries, descriptions, and rates of duty applicable to certain...

  11. Classification of goods - rate of GST - Stadiometer is diagnostic medical equipment and is covered under tariff item 90189019 (other category) with rate of tax being 12%...

  12. This notification amends Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 by revising the All Industry Rates (AIRs) of duty drawback for gold and silver...

  13. Benefit of Notification No.64/88-Cus - medical equipment imported without payment of duty on the basis of customs duty exemption certificate issued by DGHS - The said...

  14. Retrospective exemption granted from payment of any customs duty on import of "Rough diamonds (industrial or non-industrial)" for the period 1.7.2017 to 1.2.2022....

  15. This instruction revises the list of high-end and high-value used/refurbished medical equipment, other than critical care medical equipment, that can be imported into...

 

Quick Updates:Latest Updates