Xray Machine Imports Duty: Government hikes duty on X-ray machine imports to 15 pc from Apr 1, Health News, ET HealthWorld
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Government hikes duty on X-ray machine imports to 15 pc from Apr 1
The changes in the customs duty rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday. The new rates would be effective from April 1, 2023, the amendment said.
PTI
March 27, 2023, 06:25 IST
The government has hiked customs duty on import of X-ray machines and non-portable X-ray generators to 15 per cent with effect from April 1. Currently, portable X-ray machines and non-portable X-ray generators and apparatus attract 10 per cent import duty.
The changes in the customs duty rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday.
The new rates would be effective from April 1, 2023, the amendment said.
AMRG & Associates Senior Partner Rajat Mohan said this is intended to improve barriers to manufacturing in India. "This will encourage 'Make in India' to reduce import dependence in the niche sector," he said.
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Monday, March 27, 2023 at 12:55 am