CBIC exempt AIDC/Health cess/RIC on goods imported


Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification regarding exemptions for certain taxes on imported goods. Specifically, the government has amended existing notifications to provide relief on the Agriculture and Infrastructure Development Cess (AIDC), Health Cess, and Rural Infrastructure Cess (RIC) when these goods are imported into India. This measure is taken in the public interest to facilitate trade and reduce costs for businesses.

Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 08/2022-Customs
New Delhi, the 1st February, 2022

G.S.R. …(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby further amends the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, to the extent specified in the corresponding entry in column (3) of the said Table, namely:

Please refer to the attached file for details.

FAQ :

The notification aims to exempt certain imported goods from paying the Agriculture and Infrastructure Development Cess (AIDC), Health Cess, and Rural Infrastructure Cess (RIC).

The notification was issued by the Central Government of India, specifically the Ministry of Finance (Department of Revenue) through the Central Board of Indirect Taxes and Customs (CBIC).

The exemption applies to the Agriculture and Infrastructure Development Cess (AIDC), Health Cess, and Rural Infrastructure Cess (RIC) on imported goods.

The exemption is granted in exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962.

The government has decided to provide this exemption because it is satisfied that it is necessary in the public interest to do so.

 

Guest
Notification No : 08/2022-Customs
Published in Custom
Source : https://www.indiabudget.gov.in/doc/cen/cus0822.pdf
Attached File : 322600_11007_cus0822.pdf
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