Kolkata, Jan. 2 -- Amid ongoing speculation of rising import duty on IT and network communications device, the Union Finance Ministry has clarified that routers will continue to enjoy zero import duty status as no Basic Customs Duty (BCD) will be levied on these products till any further notification
Router being an IT product covered by Information Technology Agreement (ITA-I), it was expected a notification would be issued granting exemption from basic custom duty, to router, on account of change in classification within Heading. Accordingly, a notification has been issued now, being Notification No. 36/2019-Cus., dated 30.12.19, amending parent Notification No.24/05-Cus.,by substituting Sr. No.13N, a finance ministry notification said....