TaxTMI 
TaxTMI 
Import Duty on Chinese Bicycles
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....mport Duty on Chinese Bicycles <br>News and Press Release<br>Dated:- 9-7-2014<br><BR>Bicycles attract basic customs duty (BCD) of 30% while specified parts of bicycles attract BCD of 20%. China is th....
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....e largest exporter of bicycles and parts thereof to India. However, import data for 2013-14 shows no evidence of increase in imports of bicycles and parts from Sri Lanka and in case of Bangladesh, whi....
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....le there is increase in imports of bicycles in value terms there is no surge in imports of bicycle parts. Based on representations received alleging violation of Rules of origin in imports of such co....
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....mmodities through Sri Lanka and Bangladesh, the CBEC has on 31.1.2014 initiated a verification process on certificate of origin received under SAFTA, SAPTA and ISLFTA for import of cycles and cycle pa....
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....rts. Separately, the Department of Commerce has also taken up with the State Governments advising them to procure (as per State Government schemes) Indian manufactured bicycles with indigenous parts t....
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....o protect the cause of the domestic industry. The information was given by the Minister of State (Independent Charge) of the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in Rajya Sabha tod....
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....ay.<BR> News - Press release - PIB....