The discussion on inverted duty structure has once again assumed importance because in the Budget 2018-19 there is a mention in the Annexure-VI to Part B of the Budget Speech that certain duties on some medical devices have been reduced from 2.5% to nil which is because of the need to correct inversion in the rate of duty.
So the issue that we are now discussing here is whether there is any validity in the concept of inverted duty structure, or it is a myth. The concept means that the rate of duty on raw materials and intermediates (input) must be necessarily lower than the duty ...
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First Published: Sun, March 04 2018. 22:13 IST
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