CBIC withdraws BCD exemption on Gold and provide exemption to specified parts use in manufacture of fuses and connectors

Feb 04, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Central Board of Direct taxes and Customs (CBIC) on February 02, 2020, amends the Notification No.  25/99-Customs dated February 28, 1999 regarding exemption to specified goods imported for use in electronic industry, to withdraw Basic Custom Duty (BCD) exemption on Gold used in manufacture of semi-conductor devices or light emitting diode and to provide exemption to specified parts for use in manufacture of fuses and connectors (Micro Fuse Base, Sub-Miniature Fuse Base, Micro Fuse Cover, Sub-Miniature Fuse Cover).

[Notification No. 05/2020-Customs]


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