Annexure-III

[DEEPAK SHARMA]

ABC Manufacturing mobile battery applicable duty @ 2%

prior to recent budget inputs of mobile battery was imported by ABC against Annexure-III without payment of duty. As Basic Customs Duty, CVD & SAD was leviable on it. recent budget completely exempted the inputs which use in or in relation to manufacture of mobile battery. now either Annexure-III is require to import the goods or not as there is no duty on import of inputs of Mobile battery.

AI Summary

Confusion Over Annexure-III Requirement for Duty-Exempt Mobile Battery Materials; Customs Rules Procedures Highlighted A discussion in a forum revolves around the requirement of submitting Annexure-III for importing raw materials used in mobile battery manufacturing, which are now exempt from customs duty following a recent budget change. The original poster, seeking clarity, was informed by various contributors that the exemption is contingent on following specific procedures outlined in the Customs Rules. While some responses indicate that Annexure-III may not be necessary due to the exemption, others emphasize following the proper notification procedures. The consensus suggests consulting with customs authorities or a customs house agent for specific guidance.