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Tag: punitive tax on laboratory chemicals

After furore, Customs Department removes punitive tax on laboratory chemicals

Posted on August 1, 2024 By admin
After furore, Customs Department removes punitive tax on laboratory chemicals

Image used for : M. Moorthy | Photo Credit: M. Moorthy In a relief to scientists and researchers across the country, the Finance Ministry has clarified that all imported ‘laboratory chemicals,’ except denatured ethanol, will be taxed at 10% instead of 150% as was first proposed in the Union Budget of July 23. Imported laboratory…

Read More “After furore, Customs Department removes punitive tax on laboratory chemicals” »

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After furore, Customs Department removes punitive tax on laboratory chemicals

Posted on August 1, 2024 By admin
After furore, Customs Department removes punitive tax on laboratory chemicals

Image used for : M. Moorthy | Photo Credit: M. Moorthy In a relief to scientists and researchers across the country, the Finance Ministry has clarified that all imported ‘laboratory chemicals,’ except denatured ethanol, will be taxed at 10% instead of 150% as was first proposed in the Union Budget of July 23. Imported laboratory…

Read More “After furore, Customs Department removes punitive tax on laboratory chemicals” »

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