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Core Purpose

Notification amending drawback rate entries in Chapter 71 of the Schedule to Notification No. 77/2023-Customs (N.T.) dated 20th October, 2023, under section 75 of the Customs Act, 1962.

Detailed Summary

The Ministry of Finance (Department of Revenue), by Notification No. 55/2024-Customs (N.T.), G.S.R. 517(E), dated 23rd August, 2024, in exercise of powers conferred by section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017, further amends Notification No. 77/2023-Customs (N.T.), dated 20th October, 2023 (published vide G.S.R. 792(E), dated 20th October, 2023). In the Schedule to that notification, in Chapter 71, against tariff item 711301 the figure in column (4) is substituted from "704.1" to "335.50"; against tariff item 711302 the figure is substituted from "8949" to "4468.10"; and against tariff item 711401 the figure is substituted from "8949" to "4468.10". The notification bears file number F. No. 605/13/2023-(DBK) and is signed by Kapil Prajapati, Under Secretary. A note states the principal Notification No. 77/2023-Customs (N.T.) was last amended by Notification No. 33/2024-Customs (N.T.), dated 30th April, 2024, published vide G.S.R. 268(E), dated 30th April, 2024.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-23082024-256611 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 478] NEW DELHI, FRIDAY, AUGUST 23, 2024/BHADRA 1, 1946 5400 GI/2024 (1) MINISTRY OF FINANCE (Department Of Revenue) NOTIFICATION New Delhi, the 23rd August, 2024 No. 55/2024 – Customs (N.T.) G.S.R. 517(E).—In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 77/2023 – Customs (N.T.), dated the 20th October, 2023, published vide number G.S.R. 792 (E), dated the 20th October, 2023, namely:- In the said notification, in the Schedule, in Chapter -71,- (i) against tariff item 711301, in the entry in column (4), for the figures "“704.1”, the figures "335.50" shall be substituted; (ii) against tariff item 711302, in the entry in column (4), for the figures "8949", the figures “4468.10” shall be substituted; (iii) against tariff item 711401, in the entry in column (4), for the figures "8949", the figures "4468.10” shall be substituted. [F. No. 605/13/2023-(DBK)] KAPIL PRAJAPATI, Under Secy. Note: The principal Notification No. 77/2023-Customs (N.T.), dated the 20th October, 2023 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 20th October, 2023 vide number G.S.R. 792(E), dated the 20th October, 2023 and was last amended by Notification No. 33/2024- Customs (N.T.), dated the 30th April, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 30th April, 2024 vide number G.S.R. 268(E), dated the 30th April, 2024.

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