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Core Purpose

Notification amending two Customs notifications, No. 55/2022-Customs and No. 64/2023-Customs, under Section 25(1) of the Customs Act, 1962 read with Section 124 of the Finance Act, 2021.

Detailed Summary

The Ministry of Finance, Department of Revenue (Notification No. 12/2024-Customs, G.S.R. 121(E), dated 21st February 2024) amends two prior customs notifications in exercise of 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). First, Notification No. 55/2022-Customs dated 31st October 2022 (G.S.R. 796(E), last amended by Notification No. 59/2023-Customs dated 13th October 2023, G.S.R. 738(E)) is amended by omitting Serial No. 2A and its corresponding entries from its Table, and omitting condition number 5 from its Annexure. Second, Notification No. 64/2023-Customs dated 7th December 2023 (G.S.R. 884(E)) is amended by revising its opening paragraph to reference a condition specified in a new column (4) of its Table, and by substituting the Table and paragraph 2 with a revised Table specifying, for Tariff Item 0713 10 10 (Yellow Peas), a condition that the Bill of Lading must be issued on or before 30th April 2024. The amendment takes effect on 22nd February 2024. Issued under File No. CBIC-190354/161/2023-TRU and signed by Amreeta Titus, Deputy Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-21022024-252283 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 110] NEW DELHI, WEDNESDAY, FEBRUARY 21, 2024/PHALGUNA 2, 1945 1191 GI/2024 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi the 21st February, 2024 No. 12/2024-Customs G.S.R. 121(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 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. | Amendments | | | and Date | | +=====+===================================+===================================================+ | (1) | (2) | (3) | +-----+-----------------------------------+---------------------------------------------------+ | 1. | 55/2022-Customs, dated the | In the said notification, | | | 31st October, 2022, | i. in the Table, S. No. 2A and the entries | | | published in the Gazette of | relating thereto shall be omitted; | | | India, Extraordinary, Part II, | ii. in the Annexure, condition number 5 shall | | | Section 3, Sub-section (i), | be omitted. | | | vide number G.S.R. 796(E)., | | | | dated the 31st October, 2022 | | +-----+-----------------------------------+---------------------------------------------------+ | 2. | 64/2023-Customs, dated the | In the said notification, | | | 07th December, 2023, | (i) in the opening paragraph, for the words | | | published in the Gazette of | and figures "leviable thereon under the | | | India, Extraordinary, Part II, | said section of the Finance Act, 2021 (13 | | | Section 3, Sub-section (i), | of 2021), namely:-", the words and figures | | | vide number G.S.R. 884(E)., | "leviable thereon under the said section of | | | dated the 07th December, | the Finance Act, 2021 (13 of 2021), | | | 2023 | subject to the condition as specified in | | | | column (4) of the said Table, namely:-" | | | | shall be substituted; | | | | (ii) for the Table and paragraph 2, the | | | | following Table shall be substituted, | | | | namely:- | | | | "Table | | | | +-----+----------+----------------+-----------+ | | | | SI. | Tariff | Description | Condition | | | | | No. | Item | of goods | | | | | | (1) | (2) | (3) | (4) | | | | +=====+==========+================+===========+ | | | | 1. | 0713 | Yellow Peas | In respect | | | | | | 10 10 | | of the said | | | | | | | | goods, the | | | | | | | | Bill of | | | | | | | | Lading is | | | | | | | | issued on | | | | | | | | or before | | | | | | | | 30th day of | | | | | | | | April, 2024.| | | | +-----+----------+----------------+-----------+ +-----+-----------------------------------+---------------------------------------------------+ 2. This notification shall come into force on the 22nd day of February, 2024. [F. No. CBIC-190354/161/2023-TRU] AMREETA TITUS, Dy. Secy. Note: 1. The principal notification No. 55/2022-Customs, dated the 31st October, 2022, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 796(E), dated the 31st October, 2022, and was last amended vide notification No. 59/2023-Customs, dated the 13th October, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 738(E), dated the 13th October, 2023. 2. 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. 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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