Seeks to reduce Basic Customs Duty from 10/7.5 % to 5% on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen
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Customs duty reduction on machinery for fuel cell and biogas systems facilitates importation for setup and demonstration. Basic Customs Duty reduced to 5% on machinery for initial setting up of fuel cell based power or demonstration systems and on balance of system components operating on biogas, bio methane or by product hydrogen; the change is notified by Notification No. 05/2017 customs and published for guidance of importers, clearing agents and the trading public via the Department of Revenue/CBEC website.
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Customs duty reduction on machinery for fuel cell and biogas systems facilitates importation for setup and demonstration.
Basic Customs Duty reduced to 5% on machinery for initial setting up of fuel cell based power or demonstration systems and on balance of system components operating on biogas, bio methane or by product hydrogen; the change is notified by Notification No. 05/2017 customs and published for guidance of importers, clearing agents and the trading public via the Department of Revenue/CBEC website.
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