The Ministry of Finance (MoF) on September 15, 2023, issued a notification to amend the Notification No. 19/2019-Customs, dated July 06, 2019, that seeks to exempt specified defense equipment and their parts from Basic Customs Duty for a period of 5 years.
The following amendment has been stated:
• In the said notification, in the Table, for Sl. No. 23 and the entries relating thereto, the following Sl. No. and entries have been substituted, namely: -
“23 - 49,73,84,85,90 or 93
I. Parts, sub-parts, and inputs for use in the manufacture of AK-203 rifle;
II. Machinery, Fixtures, Gauges, Tools, and Jigs for goods mentioned in (I) above;
III. Technical documentation in respect of goods mentioned in (I) and (II) above”
This notification shall come into force from September 15, 2023.
[Notification No. 56/2023-Customs]
