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Inputs for bullet-proof jackets gets customs and excise relief
The government of India has exempted a special type of yarn used
in the manufacturing of bullet-proof jackets from payment of
excise and customs duty. This exemption will be applicable for
supplies made to the armed and police forces.
Producers of bullet-proof jackets have also received
exemption on purchase of ballistic grade aramid fabric used in
the production of these jackets from payment of excise duty,
which already enjoys exemption of customs duty, again for
supplies to police and armed forces.
This move of the Central Board of Excise and Customs under
the Finance Ministry will help save 26.85% on ballistic grade
aramid yarn on customs duty alone and 10.30% on excise duty. |