Rate of basic customs duty on certain specified medical device increased from 5% to 7.5%; Simultaneously, exemption from additional customs duty (SAD) on these medical devices has also been withdrawn, and they will now attract 4% SAD; Further, to give fillip to domestic manufacturing, basic customs duty is being reduced to 2.5% along with full exemption from SAD on raw materials, parts and accessories for manufacture of medical devices, falling under headings 9018 to 9022

Rate of basic customs duty on certain specified medical device increased from 5% to 7.5%; Simultaneously, exemption from additional customs duty (SAD) on these medical devices has also been withdrawn, and they will now attract 4% SAD; Further, to give fillip to domestic manufacturing, basic customs duty is being reduced to 2.5% along with full exemption from SAD on raw materials, parts and accessories for manufacture of medical devices, falling under headings 9018 to 9022 https://www.taxtmi.com/news?id=15501 The import duty regime for medical devices has been rebalanced: basic customs duty on certain specified devices increased and the prior SAD exemption withdrawn, while basic duty on raw materials, parts and accessories for manufacture of medical devices has been reduced and those inputs granted full SAD exemption. en-us Thu, 21 Jan 2016 16:12:33 +0530 Thu, 21 Jan 2016 16:12:33 +0530 TaxTMI RSS Generator Rate of basic customs duty on certain specified medical device increased from 5% to 7.5%; Simultaneously, exemption from additional customs duty (SAD) on these medical devices has also been withdrawn, and they will now attract 4% SAD; Further, to give fillip to domestic manufacturing, basic customs duty is being reduced to 2.5% along with full exemption from SAD on raw materials, parts and accessories for manufacture of medical devices, falling under headings 9018 to 9022 https://www.taxtmi.com/news?id=15501 The import duty regime for medical devices has been rebalanced: basic customs duty on certain specified devices increased and the prior SAD exemption withdrawn, while basic duty on raw materials, parts and accessories for manufacture of medical devices has been reduced and those inputs granted full SAD exemption. News - Thu, 21 Jan 2016 16:12:33 +0530 https://www.taxtmi.com/news?id=15501