On Tuesday, Finance Minister Nirmala Sitharaman presented the Annual Financial Statement before the Lok Sabha. Financial assistance for Andra Pradesh Recognising Andhra Pradesh’s need for capital, the Union government will facilitate special financial support through multi-lateral development agencies. Employment and Skill development As part of the Prime Minister’s package, the Finance Minister announced that the Union government will implement three …
New Delhi, Aug 19: Import of mobile phone display assembly, which are fitted with items like speakers, SIM tray and power key, will attract a 15 per cent basic customs duty, the Central Board of Indirect Taxes and Customs has said. Currently, display assembly of mobile phones attracts 10 per cent customs duty, and nil duty on imports of inputs …
The Central Board of Indirect Taxes and Customs has issued a clarification on the concessional Basic Custom Duty rate on parts used in the manufacturing of Liquid Crystal Device and Light Emitting Diode TV panels. 50/2017-Customs dated June 30, 2017 provides for a concessional BCD rate of 5% for specified parts and subparts of LCD and LED TV panels. According …
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