Govt. levied 1.5% AIDC on import of Platinum and Palladium: Notification
- Blog|News|GST & Customs|
- < 1 minute
- By Taxmann
- |
- Last Updated on 6 October, 2022
Latest from Taxmann
Notification No. 53/2022-Customs dated October 3rd, 2022
The CBIC has issued notification to levy Agriculture Infrastructure and Development Cess (AIDC) on import of goods falling under Chapter 7110 at the rate of 1.5% other than:
(a) Platinum and Palladium for use in the manufacture of: –
i. all goods, including Noble Metal Compounds and Noble Metal Solutions, falling under heading 2843;
ii. all goods falling under sub-heading 3815 12;
iii. catalytic convertors falling under tariff item 8421 32 00;
Provided that, the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022;
(b) Rhodium
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
