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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

AMENDMENTS TO THE CUSTOMS ACT, 1962 - Due to increase in Custom ...

Income Tax

February 2, 2023

AMENDMENTS TO THE CUSTOMS ACT, 1962 - Due to increase in Custom Duty these items will get costlier Compounded rubber, Articles made from gold bars, Electric Kitchen chimneys, Import of Electronic Vehicle, Imported bicycles and toys, Silver & Imitation Jewelry. whereas decrease in custom duty will make these items cheaper Open cell of TV Panels, Seeds of Lab-grown diamonds, Shrimp feed, Machinery for lithium ion batteries, Raw materials for EV industry & Certain inputs for mobile phone manufacturing.

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