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Core Purpose

Notification amending Customs notification No. 27/2011-Customs to revise import duty rates on hides, skins, and furskins under Section 25(1) of the Customs Act, 1962.

Detailed Summary

The Ministry of Finance (Department of Revenue) issued Notification No. 37/2024-Customs (G.S.R. 440(E)) dated 23 July 2024, under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), amending the principal notification No. 27/2011-Customs dated 1 March 2011 (G.S.R. 153(E), last amended by Notification No. 24/2024-Customs dated 3 May 2024, G.S.R. 269(E)). The amendment inserts new tariff entries S. Nos. 25A to 25I after S. No. 25 in the Table, prescribing customs duty rates for raw hides and skins (40%, excluding buffalo), raw hides and skins of buffalo (30%), tanned or crust hides and skins of bovine/buffalo/equine and sheep/lamb (20%), E.I. tanned leather (Nil), finished leather of goat, sheep and bovine animals (Nil), raw furskins (40%), and tanned or dressed furskins (20%), and omits S. Nos. 26 to 39 and related entries. The amendment takes effect from 24 July 2024. Signed by Nitish Karnatak, Under Secretary (File No. 334/03/2024-TRU).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23072024-255662 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 401] NEW DELHI, TUESDAY, JULY 23, 2024/SHRAVANA 1, 1946 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd July, 2024 No. 37/2024-Customs G.S.R. 440(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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 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, namely :- In the said notification, in the Table, (i) after S. No. 25 and the entries relating thereto, the following S. Nos. and the entries shall be inserted, namely:- +-----+----------------+-------------------------------------------------------------+-------+ | (1) | (2) | (3) | (4) | +=====+================+=============================================================+=======+ | 25A.| 4101 20 10, | Raw hides and skins or Raw skins | 40% | | | 4101 20 90, | (excluding raw hides and skins of buffalo) | | | | 4101 50 10, | | | | | 4101 50 90, | | | | | 4101 90 10, | | | | | 4101 90 90, | | | | | 4102, or 4103 | | | +-----+----------------+-------------------------------------------------------------+-------+ | 25B.| 4101 20 20, | Raw hides and skins of buffalo | 30% | | | 4101 50 20, or | | | | | 4101 90 20 | | | +-----+----------------+-------------------------------------------------------------+-------+ | 25C.| 4104 | Tanned or crust hides and skins of bovine (including | 20% | | | | buffalo) or equine animals, other than E.I. tanned leather | | +-----+----------------+-------------------------------------------------------------+-------+ | 25D.| 4105 | Tanned or crust skins of sheep or lambs, other than E.I. | 20% | | | | tanned leather | | +-----+----------------+-------------------------------------------------------------+-------+ | 25E.| 4106 | Tanned or crust hides and skins of other animals, other | 20% | | | | than E.I. tanned leather | | +-----+----------------+-------------------------------------------------------------+-------+ | 25F.| 4104, | E.I. tanned leather | Nil | | | 4105, or 4106 | | | +-----+----------------+-------------------------------------------------------------+-------+ | 25G.| 41 | finished leather of goat, sheep and bovine animals and of | Nil | | | | their young ones | | +-----+----------------+-------------------------------------------------------------+-------+ | 25H.| 4301 | Raw furskins | 40% | +-----+----------------+-------------------------------------------------------------+-------+ | 25I.| 4302 | Tanned or dressed furskins | 20% | +-----+----------------+-------------------------------------------------------------+-------+ (ii) S. Nos. 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 38A, 38B, 39 and the entries relating thereto shall be omitted. 2. This notification shall come into effect on the 24th day of July, 2024. [F. No. 334/03/2024-TRU] NITISH KARNATAK, Under Secy. Note: 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 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 Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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