The Central Board of Indirect Taxes and Customs (CBIC) on January 24, 2024, issued a notification under Section 28A of the Customs Act, 1962 for Non-Levy of Customs Duty on the import of wearables.
The wearable goods of the description as specified in column (3) of Notification No. 11/2022-Customs dated February 01, 2022, of the Government of India, Ministry of Finance, Department of Revenue.
The Central Government now directs that whole of the duty of customs payable on such goods or, as the case may be, the duty in excess of that payable on such goods, during the period from February 01, 2022, to April 27, 2023, when imported in a manner so as to attract the provision of rule 2(a) of the General Rules of Interpretation of the First Schedule of the Customs Tariff Act, 1975.
[Notification No. 7/2024 – Customs (N.T.)]
