The Central Board of Indirect Taxes and Customs (CBIC) has notified a new definition of ‘Laboratory Chemicals’ under the First Schedule of the Customs Tariff Act, 1975.
The Board has notified that “laboratory chemicals” means all chemicals, organic or inorganic, whether or not chemically defined, imported and intended only for own use (i.e. other than purposes like trading, further sale etc.) in packings not exceeding 500 gms or 500 millilitres and which can be identified with reference to the purity, markings or other features to show them to be meant for use solely as laboratory chemicals.
The Board has amended chapter note 3 of Chapter 98, for First Schedule of the Customs Tariff Act keeping in mind the public interest.
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Before the amendment chapter note 3 of Chapter 98, for First Schedule of the Customs Tariff Act stated that Heading 9802 covers all chemicals, organic or inorganic, whether or not chemically defined, imported in packings not exceeding 500 gms or 500 millilitres and which can be identified with reference to the purity, markings or other features to show them to be meant for use solely as laboratory chemicals.
The notification shall be effective from 19/09/2024.
Notification No. 62/2024-Customs (N.T.)
Date: 19/09/2024
