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Global Trade Alert

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India: Phased Manufacturing Program for the manufacture of smart watches (Budget 2022-2023)

Description

On 1 February 2022, the Indian Ministry of Finance through Notification No. 11/2022-Customs approved an increase in the import tariff on parts used in the manufacture of smartwatches effective from 1 ...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

01 Apr 2023

Revocation date

31 Mar 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

sector-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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