16 Mar CBIC Modifies BCD Rates on Selected Smart Wearable Devices
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 17/2024-Customs on March 14, 2024, which revises its earlier Notification No. 57/2017-Customs dated June 30, 2017. This revision pertains to the Basic Customs Duty (BCD) rates applicable to specific smart wearable devices.
In the aforementioned notification, a modification has been made in the Table, as follows:
S. No.
|
Chapter or Heading or Sub-heading or tariff item
|
Description of goods
|
Standard rate
|
Condition No.
|
---|---|---|---|---|
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 revised table details the changes in BCD rates for various goods, excluding wrist wearable devices and other specified items. The Notification aims to address the evolving landscape of smart wearable technology and ensure appropriate customs duties are applied.
The complete Notification can be accessed here
No Comments