The Central Board of Indirect Taxes and Customs (CBIC) on Thursday notified the exemption of the import of COVID-19 vaccine from Customs Duty from October 1 till December 31. “The Central Government, on being satisfied that it is necessary in the public interest to do so, hereby exempts the goods of the description specified when imported into India, from the whole of the duty of customs leviable,” the Board said in a notification.
Source Taxscan
Latest Posts in "India"
- US imposes additional tariffs on India for buying oil from Russia
- GST Council to Discuss Simplifying Tax Regime, Reducing Levies on Cement, Services, and Insurance
- GST Council to Discuss Moving Food, Textile Products to 5% Tax Bracket in September Meeting
- Auto Industry Urges Quick GST Rate Implementation to Boost Festive Season Sales
- GST Council to Discuss Sin Goods Tax, Rate Structure Overhaul, and Future Cess Plans