WebTariff structure applicable to electronics hardware manufacturing sector Peak rate of Basic Customs Duty (BCD) is 20%. The Goods and Services Tax (GST): Electronic goods are … WebSep 20, 2024 · Basic Customs Duty (BCD) All imported goods in India shall be assessed at the BCD. The actual amount of the fees will depend on various factors, two of which being the country of origin of the goods and the materials from which the goods are made. Certain items like capital goods used for manufacturing electronic goods may be exempt from …
Impact of Basic Customs Duty on Solar Cells and Modules: …
WebWith effect from April 1, 2024, a Basic Customs Duty (BCD) @ 25% has been imposed on import of solar PV cells (HS Code: 85414200) and a Basic Customs Duty @ 40% has … WebMar 23, 2024 · "The imposition of basic customs duty (BCD) on solar cells and modules with effect from April 1, 2024 will lead to an increase in solar tariffs on account of a rise in the overall project costs ... evjf clermont
India to levy customs duty on solar imports from April 2024
WebCustoms Duty (BCD) exemption on the import of certain goods to be used in the manufacturing of mobile phones in India. It also provides an exclusion list of goods under Customs Tariff Heading (CTH) 8517.62.90 and CTH 8517.69.90 of the Customs Tariff Act, 1975 (Customs Tariff) to which such concession or exemption benefit is not available. WebFeb 1, 2024 · Budget 2024- Seeks to further amend notification No. 50/2024-Customs dated 30th June, 2024 so as to prescribe effective rate of Basic Customs Duty (BCD). Notification No. 2/2024-Customs Dated 1st February, 2024. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 2/2024 … WebNov 29, 2024 · The decrease is due to the introduction of a 40% basic customs duty (BCD) on imported solar modules. The BCD came into effect in April this year, imposing a 40% duty on module imports and 25% on ... brrbox cooler