CA in Jaipur | CA. Yogesh Jangid |ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases | https://www.nyca.in ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases Sat, 23 Mar 2024 07:52:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://www.nyca.in/wp-content/uploads/2022/08/9060CA_logo_icai-1.jpg CA in Jaipur | CA. Yogesh Jangid |ITR Filing 2023 | Company Registration | NGO Registration | Income Tax Raid Cases | Audit | Inc Incroporation | CPA in India | Subsidy | Project Funding | GST | GST Raid Cases | Income Tax Notice Faceless | DRI Cases | https://www.nyca.in 32 32 CBIC Modifies BCD Rates on Selected Smart Wearable Devices https://www.nyca.in/cbic-modifies-bcd-rates-on-selected-smart-wearable-devices/ https://www.nyca.in/cbic-modifies-bcd-rates-on-selected-smart-wearable-devices/#respond Sat, 16 Mar 2024 05:15:08 +0000 https://www.nyca.in/?p=7524 The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 17/2024-Customs on March 14, 2024, which revises its earlier Notification No. 57/2017-Customs dated June 30, 2017. This revision pertains to the Basic Customs Duty (BCD) rates applicable to specific smart wearable devices.

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The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 17/2024-Customs on March 14, 2024, which revises its earlier Notification No. 57/2017-Customs dated June 30, 2017. This revision pertains to the Basic Customs Duty (BCD) rates applicable to specific smart wearable devices.

In the aforementioned notification, a modification has been made in the Table, as follows:

S. No.
Chapter or Heading or Sub-heading or tariff item
Description of goods
Standard rate
Condition No.
20
8517 62 90 or 8517 69 90
All goods other than the following goods, namely: – (a) Wrist wearable devices (commonly known as smart watches) and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands; (b) Optical transport equipment; (c) Combination of one or more of Packet Optical Transport Product or Switch (POTP or POTS); (d) Optical Transport Network (OTN) products; (e) IP Radios; (f) Soft switches and Voice over Internet Protocol (VoIP) equipment, namely, VoIP phones, media gateways, gateway controllers and session border controllers; (g) Carrier Ethernet Switch, Packet Transport Node (PTN) products, Multiprotocol Label Switching Transport Profile (MPLS-TP) products; (h) Multiple Input/Multiple Output (MIMO) products; (i) Long Term Evolution (LTE) products
10%
-

The revised table details the changes in BCD rates for various goods, excluding wrist wearable devices and other specified items. The Notification aims to address the evolving landscape of smart wearable technology and ensure appropriate customs duties are applied.

The complete Notification can be accessed here

category

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