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of <h1>Health Cess Levied on Imported Medical Devices Under Section 141 of Finance Act 2020 to Fund Health Services</h1> Section 141 of the Finance Act, 2020, mandates a Health Cess on imported medical devices listed in the Fourth Schedule. This duty, additional to existing customs duties, is intended to fund health infrastructure and services. The Central Government is authorized to utilize the collected funds as deemed necessary, following parliamentary appropriation. The value for calculating the Health Cess aligns with customs duty valuation under the Customs Act, 1962. Customs Act provisions, including those on duty assessment, refunds, and penalties, apply to the Health Cess, ensuring consistent enforcement and collection processes.
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