BCD and IGST Rate Raised to 5% from Nil on Scientific and Technical Instruments, Raw materials and Components Required for Launch Vehicles and Satellite and Payloads

[Notification No.5/2018-Customs dated 25 January 2018]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017- 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. 785(E), dated the 30th June, 2017, namely:-

In the said notification, in the Table, -

(i) for S.No. 539 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -

“539

88 or any other Chapter

(a) Satellites and payloads; (b) Ground equipments brought for testing of (a)

Nil

Nil

78”;

(ii) after serial number 539 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -

“539A

88 or any other Chapter

Scientific and technical instruments, apparatus, equipment, accessories, parts, components, spares, tools, mock ups and modules, raw material and consumables required for launch vehicles and satellites and payloads

5

5

78”;

[F. No. 354/1/2018-TRU]