CBIC modifies BCD rates on certain smart wearable devices.
The CBIC has issued Notification No. 17/2024-Customs dated March 14, 2024, amending its earlier Notification No. 57/2017-Customs dated June 30, 2017. This amendment modifies the Basic Customs Duty (BCD) rates on certain smart wearable devices.
In the said notification, in the 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.
TABLE
| S. No. | Chapter or Heading or Sub-heading or tariff item | Description of goods | Standard rate | Condition No. |
| (1) | (2) | (3) | (4) | (5) |
| 20 | 8517 62 90 or 8517 69 90 | All goods other than the following goods, namely: –
(a) Wrist wearable devices (commonly known as smart watches) and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands; (b) Optical transport equipment; (c) Combination of one or more of Packet Optical Transport Product or Switch (POTP or POTS); (d) Optical Transport Network (OTN) products; (e) IP Radios; (f) Soft switches and Voice over Internet Protocol (VoIP) equipment, namely, VoIP phones, media gateways, gateway controllers and session border controllers; (g) Carrier Ethernet Switch, Packet Transport Node (PTN) products, Multiprotocol Label Switching Transport Profile (MPLS-TP) products; (h) Multiple Input/Multiple Output (MIMO) products; (i) Long Term Evolution (LTE) products |
10% | – |
The Notification can be accessed at: https://www.a2ztaxcorp.com/wp-content/uploads/2024/03/CBIC-NNo.-17-2024-Customs.pdf
Source from: https://www.a2ztaxcorp.com/cbic-modifies-bcd-rates-on-certain-smart-wearable-devices/