The Central Board of Indirect Taxes and Customs (CBIC) has notified that the import of covid-19 vaccine to India by the Central and State Governments is exempted from the levy of the customs duty till 31st March, 2023.
In a notification published in the e-gazzatte on Friday stated that “In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below, falling within the Chapter, heading, sub–heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) specified in column (2) of the said Table, when imported into India by Central Government or State Governments, from the whole of the duty of customs leviable thereon under the said First Schedule, namely, “COVID-19 vaccine.”
The notification shall come into force on 14th January, 2023 and remain in force up to and inclusive of the 31st March, 2023.
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