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Below the Quote on Pre-Budget expectation on Customs duty on leather and textiles by Kartik Solanki, Partner, Indirect Tax, BDO India

"Correction of the inverted duty structure is an ongoing process on part of the Government. It is expected that the Government would further try and correct instances of inverted duty structure in the current budget. Some of the products, on which the customs duty exemption (full or part) expired on 31 March 2024 and was extended to 30 September 2024 are – solar tempered glass for use in manufacture of solar cells/panels/modules, Gold Ores and Concentrate for use in the manufacture of Gold, Lithium Ion Cell, Parts of Gliders or simulators of Aircrafts (excluding rubber tyres and tubes of gliders) etc.
Action expected in case of these customs duty exemptions
For all of these items, where the customs duty exemption was extended to 30 September 2024, the Government would assess and decide whether to extend these exemptions further. For any of the products on which the exemption was extended till 30 September, 2024, if the exemption is not specifically extended by issuance of a notification, the customs duty exemption would come to an end on 30 September, 2024 and the product would attract duty from 1 October 2024."

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