The Ministry of Finance (MoF) on March 14, 2024, issued the amendment to notification no. 57/2017-Customs dated June 30, 2017, which states “to prescribe BCD rates on certain electronic goods”
The following has been stated namely: -
• The following has been amended under S.No. 20, in column (3), in item (a) namely: -
For the symbols and words “(commonly known as smart watches);”, the symbols and words “(commonly known as smart watches) and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands;” shall be substituted.
[Notification No. 17/2024 – Customs]
