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31 March 2021

India Customs Highlights

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Rate of basic custom duty increased from Nil to 5% on import of specified parts for manufacture of Open Cell for LED/LCD TV Panels.
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a. Rate of basic custom duty increased from Nil to 5% on import of specified parts for manufacture of Open Cell for LED/LCD TV Panels. [Notification No. 42/2020-Cus. dated November 11, 2020]

b. Policy and guidelines prescribed for setting up of Inland Container Depots, Container Freight Stations and Air Freight Stations [Circular No. 50/2020-Cus. dated November 5, 2020]

c. Custom Officers directed to ensure strict compliance of legal prohibitions with respect to imports/exports from/to North Korea [Instruction No. 19/2020-Cus. dated November 18, 2020]

d. Procedure prescribed for claiming exemption on import and re-export of marine containers which do not conform to the standard marine container dimensions. [Circular No. 51/2020- Cus. dated November 20, 2020]

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