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Core Purpose

Notification No. 54/2023-Customs further amending notification No. 50/2017-Customs dated 30th June 2017 to extend the validity period of specified customs duty exemption entries (S. Nos. 597, 598, 600, 601, 602 and 603) from 2023 to 2025.

Detailed Summary

G.S.R. 668(E), Notification No. 54/2023-Customs, issued on 14th September 2023 by the Ministry of Finance (Department of Revenue) in exercise of powers under sub-section (1) of Section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of Section 3 of the Customs Tariff Act, 1975 (51 of 1975), further amends notification No. 50/2017-Customs dated 30th June 2017 (G.S.R. 785(E)), which was last amended by notification No. 53/2023-Customs dated 5th September 2023 (G.S.R. 656(E)): against S. No. 597 the proviso is substituted so that items (ii) and (iv) cease to have effect after 30th September 2023 while items (i), (iii) and (v) cease to have effect after 30th September 2025, and against S. Nos. 598, 600, 601, 602 and 603 the figure '2023' is substituted with '2025'; the notification, issued under F. No. 190352/01/2023-TRU and signed by Vikram Vijay Wanere, Under Secretary, takes immediate effect.

Full Text

EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 527] NEW DELHI, THURS DAY, SEPTEMBER 14, 2023/ BHADRA 23, 194 5 CG-DL-E-14092023-248729 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th September, 2023 No. 54/2023 -Customs G.S.R. 668(E). —In exercise of the powers con ferred by sub -section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub -section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 50/2017 -Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordi nary, Part II, Section 3, Sub -section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely: - In the said notification, in the Table, - (i) against S. No. 597, in column (3), for the proviso , the following provisos shall be substituted, name ly: - “Provided that items (ii) and (iv) shall cease to have effect after 30th September, 2023. Provided further that items (i), (iii) and (v) shall cease to have effect after 30th September 2025.”; (ii) against S. No. 598, in column (3), for the figur e, “2023”, the figure, “2025” shall be substituted; (iii) against S. No. 600, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted; (iv) against S. No. 601, in column (3), for the figure, “2023”, the figure, “2025” shall be su bstituted; (v) against S. No. 602, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted; (vi) against S. No. 603, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted. 2. This notification shall come into force with immediate effect. [F. No.190352/01/2023 -TRU] VIKRAM VIJAY WANERE , Under Secy . Note : 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. 53/2023 -Customs, dated the 5th September , 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -section (i), vide number G.S.R. 656(E), dated the 5th September, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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