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Core Purpose

G.S.R. 116(E) notification amending Customs notification No. 11/2021-Customs to revise the duty entry for cotton under serial number 14 of the Table.

Detailed Summary

The Central Government, in exercise of powers under Section 25(1) of the Customs Act, 1962 (52 of 1962) read with Section 124 of the Finance Act, 2021 (13 of 2021), issues Notification No. 11/2024-Customs, G.S.R. 116(E), dated 19th February 2024, in the Ministry of Finance, Department of Revenue, further amending notification No. 11/2021-Customs dated 1st February 2021 (G.S.R. 69(E)) by substituting, for serial number 14 and its entries in the Table, a new entry for tariff item 5201 (other than 5201 00 25) covering "All goods (Other than goods of staple length exceeding 32.0 mm)" at a duty rate of 5%; the notification comes into force on 20th February 2024; a note records that the principal notification No. 11/2021-Customs was last amended vide notification No. 05/2024-Customs dated 22nd January 2024 (G.S.R. 55(E)); the notification (F. No. CBIC-190354/288/2021-TO(TRU-I)) is signed by Vikram Vijay Wanere, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-19022024-252231 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 105] NEW DELHI, MONDAY, FEBRUARY 19, 2024/MAGHA 30, 1945 1151 GI/2024 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 19th February, 2024 No. 11/2024-Customs G.S.R. 116(E). In exercise of the powers conferred by 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), 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. 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, namely:- In the said notification, in the Table, for serial number 14 and the entries relating thereto, the following S. No. and entries shall be substituted, namely: - +-----+---------------------------+----------------------------------------------------------+------------------+ | (1) | (2) | (3) | (4) | +=====+===========================+==========================================================+==================+ | "14.| 5201 | All goods | 5%". | | | (other than 5201 00 25) | (Other than goods of staple length exceeding 32.0 mm ) | | +-----+---------------------------+----------------------------------------------------------+------------------+ 2. This notification shall come into force on the 20th of February, 2024. [F. No. CBIC-190354/288/2021-TO(TRU-I)] VIKRAM VIJAY WANERE, Under Secy. Note: 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 last amended vide notification No. 05/2024-Customs, dated the 22nd January, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 55(E), dated the 22nd January, 2024.

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