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Core Purpose

Notification by the Ministry of Finance (Department of Revenue) amending Customs Notification No. 57/2000-Customs, under section 25(1) of the Customs Act, 1962, to reduce the specified rate in the Table from 9.35% to 4.35%.

Detailed Summary

Notification No. 33/2024-Customs, G.S.R. 436(E), dated 23 July 2024, issued by the Ministry of Finance (Department of Revenue) under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), further amends Notification No. 57/2000-Customs dated 8 May 2000 (G.S.R. 413(E), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)) by substituting, in the Table against Serial No. 1 in Column (4), the figure "4.35%" for "9.35%" wherever it occurs; the amendment comes into force on 24 July 2024 [F. No. 334/03/2024-TRU]; a note records that the principal Notification No. 57/2000-Customs dated 8 May 2000 was last amended by Notification No. 28/2023-Customs dated 1 April 2023 (G.S.R. 263(E)). Signed by Vikram Vijay Wanere, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23072024-255666 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 397] NEW DELHI, TUESDAY, JULY 23, 2024/SHRAVANA 1, 1946 4498 GI/2024 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd July, 2024 No. 33/2024-Customs G.S.R. 436(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, Ministry of Finance (Department of Revenue) No. 57/2000-Customs, dated the 8th May, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 413 (E), dated the 8th May, 2000, namely:- In the said notification, in the TABLE, against Sl. No. 1, in Column (4), for "9.35%" wherever it occurs, "4.35%" shall be substituted. 2. This notification shall come into force on the 24th day of July, 2024. [F. No. 334/03/2024-TRU] VIKRAM VIJAY WANERE, Under Secy. Note: The principal notification No. 57/2000-Customs, dated the 8th May, 2000 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 413 (E), dated the 8th May, 2000 and was last amended by notification No. 28/2023-Customs, dated 1st April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 263 (E), dated the 1st April, 2023.

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