CBIC revises Basic Custom Duty on certain Smart Wearable Devices [Read Notification]:

CBIC revises Basic Custom Duty on certain Smart Wearable Devices [Read Notification] The Central Board of Indirect Taxes and Customs (CBIC) has revised the Basic Customs Duty on certain Smart Wearable Devices via issuing a Notification. The Notification Read as follows: In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 57/2017-Customs, dated the 30th June 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 798(E), dated the 30th June, 2017. In the said notification, in Table, - (i) against S. No. 20, in column (3), in item (a), 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. For Official Notification Download PDF Given Below: