The Finance Ministry on Wednesday offered relief for researchers and academicians by carving out a new section for the use of lab chemicals for R&D purposes. The ministry also reduced customs duty on ...

Chemical packages of 500 gm or 500 ml will be catagorised as laboratory chemicals and attract an import duty at 10 per cent, according to CBIC, while packages with larger quantity will attract a ...

Three digits have thrown scientists across the country into a tizzy. Budget documents, made public earlier this week, show that the Basic Customs Duty on laboratory chemicals, a critical component of ...

India's recent budget decision to increase customs duty on laboratory chemicals from 10% to 150% has impacted research centres and labs, significantly straining their financial resources. Academic ...

In a major blow to importers, who misdeclared potable ethanol (99.9% purity ethyl alcohol) as lab chemicals and smuggled it from China to evade Customs levies and state excise duties, lab chemicals ...

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has restored a concessional 10% import duty on chemicals imported for lab use by modifying a duty hike announced in the Union budget ...

Imported chemicals, reagents, and enzymes come under the category of laboratory chemicals and are vital to experimental research across nearly every domain of scientific research. They comprise ...

India's heightened customs duty on lab chemicals, from 10% to 150%, has disrupted research budgets nationwide. With research labs relying on standardized chemicals from certified suppliers, the new ...

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from ...