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Core Purpose

Notification under sub-section (1) of section 25 of the Customs Act, 1962 amending notification No. 57/2017-Customs to expand the description of duty-concession-eligible smart wearable devices to include smart rings, shoulder bands, neck bands and ankle bands.

Detailed Summary

This notification, issued by the Ministry of Finance (Department of Revenue) on 14th March 2024 vide Notification No. 17/2024-Customs and G.S.R. 192(E), exercises powers under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) to further amend Notification No. 57/2017-Customs dated 30th June 2017, G.S.R. 798(E) of the same date, which provides customs duty concessions on specified goods. Against Serial No. 20 of the Table to that notification, in column (3), item (a), the description referring to "commonly known as smart watches" is substituted with an expanded description covering smart watches and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands, thereby extending the concessional entry to these additional categories of wearable devices. The amendment is issued under File No. CBIC-190341/22/2023-TRU Section-CBEC and signed by Vikram Vijay Wanere, Under Secretary, with a note that the principal notification was last amended vide Notification No. 09/2024-Customs dated 30th January 2024, G.S.R. 79(E).

Full Text

1912 GI/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 No. 179] NEW DELHI, THURSDAY , MARCH 1 4, 2024 /PHALGUNA 24, 1945 CG-DL-E-14032024-253002 CG-DL-E-14032024-253002 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th March , 2024 No. 17/2024 -Customs G.S.R. 192(E).— In exercise of the powers conferred by sub -section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby m akes the following further amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 57/2017 -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. 798(E), dated the 30th June, 2017, namely : - In the said notification, in the Table, - (i) against S. No. 20, in column (3), in item (a), for the symbols and words “(commonly known as smart watches);”, the symbols and words “(co mmonly known as smart watches) and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands;” shall be substituted. [F.No. CBIC -190341/22/2023 -TRU Section -CBEC] VIKRAM VIJAY WANERE , Under Secy. Note: - The principal notification No.57/2017 -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. 798(E), dated the 30th June, 2017 and last amended, vide notification No. 09/2024 -Customs, dated the 30th January, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 79(E), dated the 30th January, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Pub lished by the Controller of Publications, Delhi -110054.

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