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Core Purpose

Notification amending customs duty rates under section 25(1) of the Customs Act, 1962, revising rates against Sl. Nos. 15A to 15G of notification No. 11/2021-Customs.

Detailed Summary

Notification No. 32/2024-Customs, G.S.R. 435(E) dated 23rd July 2024, issued by the Department of Revenue, Ministry of Finance 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), further amends notification No. 11/2021-Customs dated 1st February 2021 (G.S.R. 69(E)) by revising the rates specified in column (4) of the Table against seven serial numbers: Sl. No. 15A to 1.4%, Sl. No. 15B to 0.35%, Sl. No. 15C to 0.35%, Sl. No. 15D to 1%, Sl. No. 15E to 0.35%, Sl. No. 15F to 1%, and Sl. No. 15G to 1%; the amendment took effect on 24th July 2024; issued under F. No. 334/03/2024-TRU and signed by Vikram Vijay Wanere, Under Secretary, noting the principal notification was last amended vide notification No. 11/2024-Customs dated 19th February 2024 (G.S.R. 116(E)).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23072024-255668 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 396] NEW DELHI, TUESDAY, JULY 23, 2024/SHRAVANA 1, 1946 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd July, 2024 No. 32/2024-Customs G.S.R. 435(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, - 1) against Sl. No. 15A, in column (4), for the entry, the entry "1.4%" shall be substituted; 2) against Sl. No. 15B, in column (4), for the entry, the entry "0.35%" shall be substituted; 3) against Sl. No. 15C, in column (4), for the entry, the entry "0.35%" shall be substituted; 4) against Sl. No. 15D, in column (4), for the entry, the entry "1%" shall be substituted; 5) against Sl. No. 15E, in column (4), for the entry, the entry "0.35%” shall be substituted; 6) against Sl. No. 15F, in column (4), for the entry, the entry "1%" shall be substituted; 7) against Sl. No. 15G, in column (4), for the entry, the entry "1%" 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. 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. 11/2024-Customs, dated the 19th February, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 116 (E), dated the 19th February, 2024.

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