https://www.taxtmi.com/article/detailed?id=8943 A Health Cess is imposed as a duty of customs on imports of medical devices listed in the Fourth Schedule to fund health infrastructure and to support domestic manufacture. The levy (at the rate specified in the Schedule) excludes goods exempt from basic customs duty and inputs/parts for manufacture. Executive notifications grant further targeted exemptions. Valuation for the cess follows Customs Act valuation rules; the cess is additional to other customs duties and existing Customs Act provisions on refunds, exemptions, offences and penalties apply to its administration. en-us Wed, 05 Feb 2020 08:03:54 +0530 Wed, 05 Feb 2020 08:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8943 A Health Cess is imposed as a duty of customs on imports of medical devices listed in the Fourth Schedule to fund health infrastructure and to support domestic manufacture. The levy (at the rate specified in the Schedule) excludes goods exempt from basic customs duty and inputs/parts for manufacture. Executive notifications grant further targeted exemptions. Valuation for the cess follows Customs Act valuation rules; the cess is additional to other customs duties and existing Customs Act provisions on refunds, exemptions, offences and penalties apply to its administration. Articles Budget - Tax Proposals Wed, 05 Feb 2020 08:03:54 +0530 https://www.taxtmi.com/article/detailed?id=8943