Circular No. 08/2023 Dated: 13.03.2023
Telecom equipment in the context of notification No. 02/2019-Customs dated 29-01-2019 amending notification No. 57/2017-Customs dated 30.06.3017
Attention of the field formations is invited to Notification No. 57/2017-Customs dated 30.06.2017 amended by Notification No. 02/2019-Customs dated 29.01.2019 which, against tariff items 8517 62 90 and 8517 69 90, gives descriptions of certain goods that are telecommunication products or equipment.
In this context, the Board was apprised that some of these technology related descriptions, specifically those at (b) to (h), amongst (a) to (h), in the notification, need to be better understood by all stakeholders for a more effective identification of products and equipment covered therein.
Accordingly, in order to make stakeholders more aware in the matter, and in consultation with the Department of Telecommunications (DoT) –
(a) the identification of products/equipment covered thereunder, at (b) to (h) of the notification, is illustrated in Annexure -1;
(b) it is decided that, in terms of the Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Regulations 2018, an identification of products/equipment under 85176290 and 85176990 shall be enabled from the beginning, that is, from the time of filing of import declarations itself, bringing certainty, for which an alpha numeric code/identifier as provided for in Annexure -2 will need to be additionally declared in bill of entry by the importer with effect from 01.04.2023.
Suitable Public Notice, etc may kindly be issued for guidance. Difficulty faced, if any, in implementation may be intimated.
Under the Companies Act, 2013, companies can raise funds in three primary ways: public offers, private placements, and rights or… Read More
TDS Rate Chart for FY 2025-26: Tax Deducted at Source (TDS) is an important tax collection mechanism implemented by the… Read More
Section 194: TDS on Dividends: In India, Section 194 of the Income Tax Act mandates that companies must deduct Tax… Read More
Section 194A: TDS on Interest (Other Than Securities): Section 194A of the Income Tax Act governs the deduction of Tax… Read More
Make smart decisions using data-driven insights gathered from all departments of your business with MIS reports. Read on to discover… Read More
GST LUT Form 4.1 2238 customers Filing of GST LUT Form for Exporters. INR 2088 All InclusiveINR 3899 49 % Off Basic GST… Read More