https://www.taxtmi.com/news?id=12925 Bicycles attract basic customs duty at 30% and specified parts at 20%. Allegations of misuse of preferential origin claims led the Central Board of Excise and Customs to initiate verification of certificates of origin under SAFTA, SAPTA and ISLFTA on 31 January 2014; the Department of Commerce has advised State Governments to procure Indian-made bicycles with indigenous parts to protect domestic industry. en-us Wed, 09 Jul 2014 14:13:16 +0530 Wed, 09 Jul 2014 14:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12925 Bicycles attract basic customs duty at 30% and specified parts at 20%. Allegations of misuse of preferential origin claims led the Central Board of Excise and Customs to initiate verification of certificates of origin under SAFTA, SAPTA and ISLFTA on 31 January 2014; the Department of Commerce has advised State Governments to procure Indian-made bicycles with indigenous parts to protect domestic industry. News - Wed, 09 Jul 2014 14:13:16 +0530 https://www.taxtmi.com/news?id=12925