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of <h1>Union Budget 2020-21: New 5% Customs Health Cess on Imported Medical Devices, Effective February 2. Check Notification 08/2020.</h1> The Union Budget 2020-21 introduced significant changes in customs duties, effective from February 2, 2020, including a new Customs Health Cess on imported medical devices under headings 9018 to 9022, at a rate of 5% ad valorem. Exemptions on certain goods are provided under Notification No 08/2020. The Indian Customs Electronic Data Interchange System (ICES) has been updated to reflect these changes, including automatic calculation of the Health Cess and necessary adjustments in the Service Centre module for Bill of Entry submissions. Importers, exporters, and customs brokers must ensure accurate declarations to comply with these updates.
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