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News CUSTOMS

  • Jul 18, 2017
  • Government imposes 10% customs duty on chargers and adapters

    The government has imposed a 10% basic customs duty (BCD) on imported chargers and adapters, while exempting parts or raw material used for making these products out of the duty ambit. The move reinstates an advantage that local manufactures had before the introduction of GST. The industry welcomed the move, saying the step would provide stimulus to local manufacturing and take care of a loophole in rules that allowed for the import of chargers or adapters without paying any duty.

    Source - http://economictimes.indiatimes.com