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of <h1>10% Basic Customs Duty on Laboratory Chemicals Introduced Under HS Code 9802 00 00, Effective August 1, 2024.</h1> The notification amends Notification No. 50/2017-Customs to introduce a 10% Basic Customs Duty (BCD) on laboratory chemicals, excluding undenatured ethyl alcohol, under HS code 9802 00 00. This applies to goods used in laboratories or for research and development. Importers must provide an undertaking to customs authorities ensuring the goods are used for specified purposes and not sold or traded post-import. Non-compliance will result in the payment of duty equal to the exempted amount. The amendment takes effect on August 1, 2024.
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