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Bill - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

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


Customs Duty Exemptions Expire Sept 2024: Impact on Telecom, Banking, Renewable Energy, Medical Devices & More.

July 27, 2024

Notes     Bill

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.

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