Import benefits on import of machinery
This query is : Resolved
12 February 2014
One my friend having jwellery business want to import Machinery worth Rs.15 Lakhs from Germany, he has SSI registration. Is there any benefit/ subsidy available from Governmnet, State Govt. (Maharashtra), or at District Industries Centre (DIC) Level?
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Thanks in Advance...!
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Thanks in Advance...!
12 February 2014
Dear Vivekranjan
There no any benefit or subsidy in the customs duty.Normal rate of duty will be as under,
Basic Customs duty 7.5%
Countervailing duty CVD 12%
Education cess 2%
Secondary and Higher Edu. Cess 1%
Special additional duty 4%
There no any benefit or subsidy in the customs duty.Normal rate of duty will be as under,
Basic Customs duty 7.5%
Countervailing duty CVD 12%
Education cess 2%
Secondary and Higher Edu. Cess 1%
Special additional duty 4%
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