The CBIC vide Notification No. 42/2020 - Customs dated 11 November 2020, has increased the Basic Custom Duty on specified components / parts used in manufacture of Open cell of LED and LCD television panels of Tariff Heading 8529, from nil to 5%. The revised rate has been made effective from 12 November 2020
Disclaimer:
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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