| Date: |
15-06-2010 |
| Subject: |
Inputs for bulletproof jackets gets customs & excise relief |
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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 percent on ballistic grade aramid yarn on customs duty alone and 10.30 percent on excise duty.
Source : fibre2fashion.com
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