The government has hiked customs duty on import of X-ray machines and non-portable X-ray generators to 15% with effect from April 1.
Currently, portable X-ray machines and non-portable X-ray generators and apparatus attract 10% import duty.
The changes in the customs duty rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday.
The new rates would be effective from April 1, 2023, the amendment said.
AMRG & Associates Senior Partner Rajat Mohan said this is intended to improve barriers to manufacturing in India. "This will encourage 'Make in India' to reduce import dependence in the niche sector," he said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
