Govt. levied 1.5% AIDC on import of Platinum and Palladium: Notification

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import of Platinum and Palladium

Notification No. 53/2022-Customs dated October 3rd, 2022

The CBIC has issued notification to levy Agriculture Infrastructure and Development Cess (AIDC) on import of goods falling under Chapter 7110 at the rate of 1.5% other than:

(a) Platinum and Palladium for use in the manufacture of: –

i. all goods, including Noble Metal Compounds and Noble Metal Solutions, falling under heading 2843;

ii. all goods falling under sub-heading 3815 12;

iii. catalytic convertors falling under tariff item 8421 32 00;

Provided that, the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022;

(b) Rhodium

Click Here To Read The Full Notification

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