Share on LinkedInShare on LinkedIn

ARTICLE · 20 JULY 2021

Major Rehaul In The Customs Exemption Notifications

Kochhar & Co.
Kochhar & Co.
Contributor
Kochhar & Co.

Kochhar & Co.

Kochhar & Co has one of the largest full service commercial law practices in Bangalore. The firm...

View firm profile
Explore more from Kochhar & Co.

The Finance Minister of India in the 2021-22 Union Budget had announced that the Government proposes to review 400 exemption notifications.

IndiaGovernment, Public Sector

The Finance Minister of India in the 2021-22 Union Budget had announced that the Government proposes to review 400 exemption notifications.  The exemption on more than 150 items, currently exempted under Notifications Nos. 14/2006-Customs dated 01.03.2006, 26/2011-Customs dated 01.03.2011 and 50/2017-Customs dated 30.06.2017 could be axed. 

The Telecom, Information Technology, Wind Power, Textiles and Pharmaceuticals are a few of the affected sectors. 

Affected Sector

Goods under Review

 

Telecom

Machinery, electrical equipment, other instruments, and their parts for use in assembly, testing, marking, and packaging of semiconductor chips, except populated Printed Circuit Boards

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from