Since a majority of players currently import the potable water bottles in copper, stainless steel and aluminium, they may need to set up their own manufacturing units in India. “The BIS order regarding compulsory use of the standard marks may lead to accelerated sector formalisation and create competitive advantages for larger and compliant players,” the ICICI report added.
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The Central Board of Indirect Taxes and Customs (CBIC) has imposed an additional duty on customs (AIDC) on spent catalysts or ash containing precious metals, gold or silver findings and coins of.