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Core Purpose

Notification under section 25(1) of the Customs Act, 1962 amending six existing customs exemption notifications to revise duty rates and extend a validity period.

Detailed Summary

The Ministry of Finance (Department of Revenue), under G.S.R. 573(E), Notification No. 43/2024-Customs dated 13 September 2024, exercising powers under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), amends: Notification No. 27/2011-Customs dated 1 March 2011 (G.S.R. 153(E)) by substituting the rate at S. No. 1, column (4) with '20%'; Notification No. 50/2017-Customs dated 30 June 2017 (G.S.R. 785(E)) by substituting the rate '20%' at S. Nos. 57, 61 and 70; Notification No. 11/2021-Customs dated 1 February 2021 (G.S.R. 69(E)) by substituting '5%' at S. Nos. 7 and 8; Notification No. 48/2021-Customs dated 13 October 2021 (G.S.R. 733(E)) by omitting S. Nos. 1-6; Notification No. 49/2021-Customs dated 13 October 2021 (G.S.R. 734(E)) by omitting S. Nos. 1-3; and Notification No. 64/2023-Customs dated 7 December 2023 (G.S.R. 884(E)) by extending the date at S. No. 1 from '31st day of October, 2024' to '31st day of December, 2024'; the amendments take effect from 14 September 2024; signed by Amreeta Titus, Deputy Secretary, under file number F. No. 190354/145/2024-TRU.

Full Text

5921GI/202 4 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY (1) (2) (3) No. 531] NEW DELH I, FRIDAY , SEPTEMBER 13, 2024/BHADRA 22, 1946 CG-DL-E-13092024-257153 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 13th September , 2024. No. 43/2024 -Customs G.S.R. 573(E).–In exercise of the powers conferred by sub -section (1) of section 25 of the C ustoms Act, 1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, to the extent specified in the corresponding entries in column (3) of the said Table, namely: - Table S. No. Notification No. and Date Amendments (1) (2) (3) 1. 27/2011 -Customs, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 153(E), dated the 1st March, 2011 In the said notification, in the TABLE , against S. No. 1, in column (4), for the entry, the entry “20%” shall be substituted; 2. 50/2017 -Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 785 (E), dated the 30th June, 2017 In the said notification, in the TABLE ,- i. against S. No. 57, in column (4), for the entry, the entry “20%” shall be substituted; ii. against S. No. 61, in column (4), for the entry, the entry “20%” shall be substituted; iii. against S. No. 70, in column (4), for the entry, the entry “20%” shall be substituted; 3. 11/2021 -Customs, dated the 1st February, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 In the said notification, in the Table, - i. against S. No. 7, in column (4), for the entry, the entry “5%” shall be substituted; ii. against S. No. 8, in column (4), for the entry, the entry “5%” shall be substituted; 4. 48/2021 -Customs, dated the 13th October, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 733(E), dated the 13th October, 2021 In the said notification, in the TABLE, S. Nos. 1, 2, 3, 4, 5, 6 and the entries relating thereto shall be omitted; 5. 49/2021 -Customs, dated the 13th October, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 734(E), dated the 13th October, 2021 In the said notification, in the Table, S. Nos. 1, 2, 3 and the entries relating thereto shall be omitted; 6. 64/2023 -Customs, dated the 07th December, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 884(E), dated the 07th December, 2023 In the said notification, in the TABLE, against Sl. No. 1, in Column (4), for the words and figures “31st day of October, 2024”, the words and figures “31st day of December, 2024” shall be substituted; 2. This notification shall come into force from the 14th day of September, 2024. [F. No. 190354/145/2024 -TRU] AMREETA TITUS , Dy. Secy . Note: 1. The principal notification No. 27/2011 -Customs, dated the 1st March, 2011, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 153(E), dated the 1st March, 2011, and was last amended vide notification No. 37/2024 -Customs, dated the 23rd July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 440(E), dated the 23rd July, 2024. 2. The principal notification No. 50/2017 -Customs, dated the 30th June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, and was last amended vide notification No. 41/2024 -Customs, dated the 31st July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 467(E), dated the 31st July, 2024. 3. The principal notification No. 11/2021 -Customs, dated the 1st February, 2021 , was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 , and was last amended vide notification No. 32/2024 -Customs, dated the 23rd July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 435(E), dated the 23rd July, 2024. 4. The principal notification No. 48/2021 -Customs, dated the 13th October, 2021, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 733(E), dated the 13th October, 2021, and was last amended vide notification No. 24/2024 -Customs, dated the 3rd May, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 269(E), dated the 3rd May, 2024. 5. The principal notification No. 49/2021 -Customs, dated the 13th October, 2021, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 734(E), dated the 13th October, 2021, and was last amended vide notification No. 24/2024 -Customs, dated the 3rd May, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 269(E), dated the 3rd May, 2024. 6. The principal notification No. 64/2023 -Customs, dated the 07th December, 2023, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 884(E), dated the 07th December, 2023, and was last amended vide notification No. 24/2024 -Customs, dated the 3rd May, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 269 (E), dated the 3rd May, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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