CBIC notifies Non-Levy of Customs Duty on Import of Wearables and Hearables for Certain Period [Read Notification]
CBIC has declared a suspension of customs duties on the imports of Wearables and Hearables from February 1, 2022, to April 27, 2023
CBIC – Central Board of Indirect Taxes and Customs – Customs Duty
CBIC – Central Board of Indirect Taxes and Customs – Customs Duty
The Central Board of Indirect Taxes and Customs (CBIC) has announced that there won't be any customs duty on the imports of Wearables and Hearables from February 1, 2022, to April 27, 2023. This decision is part of official notifications numbered 07/2024 and 08/2024-Customs (N.T), dated January 24, 2024.
Specifically, this exemption applies to certain wearable and hearable goods mentioned in Notification 11/2022-Customs, dated February 1, 2022. These items fall under specified chapters, headings, sub-headings, or tariff items of the First Schedule to the Customs Tariff Act, 1975. The exemption is for the excess customs duty payable beyond the amount calculated at the standard rate mentioned in the notification's table (Column 4).
The initial notification, dated February 1, 2022, underwent an amendment through Notification No. 33/2023-Customs, dated April 27, 2023, which introduced a provison. This proviso clarified that the duty rate specified in Column 4 would still apply even if these goods were presented together in a way that attracts the provision of rule 2(a) of the General Rules of Interpretation of the First Schedule of the Customs Tariff Act, 1975, subject to the specified conditions in Column 5.
The decision not to levy or collect duty consistently during the period from February 1, 2022, to April 27, 2023, for these goods, as observed under Notification 11/2022-Customs, has prompted the Central Government, exercising powers under section 28A of the Customs Act, 1962, to direct that the entire customs duty or, as applicable, the duty in excess of that payable for such goods during this period shall not be required to be paid.
This applies when these goods are imported in a manner attracting the provision of rule 2(a) of the General Rules of Interpretation of the First Schedule of the Customs Tariff Act, 1975, but for the aforementioned practice. This directive is specific to the import of wearable and hearable goods as described in column (3) of Notification 11/2022-Customs, dated February 1, 2022.
To Read the full text of the Notification CLICK HERE
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