India Introduces 5% Customs Health Cess on Imported Medical Devices, Effective February 2, 2020, with Some Exemptions.
The Union Budget 2020-21 introduced a Customs Health Cess on imports, effective from February 2, 2020. This cess, at a rate of 5% ad valorem, applies to imported medical devices under headings 9018 to 9022, as per the Finance Bill, 2020. Certain goods are exempted from this cess as per Notification No. 08/2020. The Integrated Customs Electronic System (ICES) has been updated to reflect these changes, and relevant declarations must be made in the Bill of Entry. Manual verification of duty calculations is advised initially to ensure accuracy. Errors should be reported to the appropriate customs authorities.
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