With effect from April 1, the government has increased the customs charge on X-ray machines and non-portable X-ray generators to 15%. Presently, import duty on portable X-ray machines and non-portable X-ray generators and apparatus is 10%.
The modifications to the customs duty rate were incorporated into the Finance Bill, 2023, which was passed by the Lok Sabha last Friday. The higher prices would take effect on April 1, 2023, according to the legislation. Get
import export data
According to AMRG & Associates Senior Partner Rajat Mohan, this is meant to lower manufacturing hurdles in India. "This will stimulate 'Made in India' to lessen reliance on imports in the niche industry," he said.
The higher prices would take effect on April 1, 2023, according to the legislation. According to AMRG & Associates Senior Partner Rajat Mohan,.