In line with Customs Circular No. 5/2016-Customs dated 09/02/2016, the practice of levying EDD will be discontinued. Further, in case the importer does not submit the required documents within 60 days of the requisition, SVB can levy EDD at a rate of 5 percent only up to three months.
Technology, Media & Telecommunications
Formulate clear guidelines for granting tax exemptions or a moderate level of taxation for international sporting events held in India to provide a much needed clarity and attract bigger international sporting events in India.