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Core Purpose

Two Ministry of Finance customs notifications imposing a 20% export duty on parboiled rice and amending an earlier customs duty exemption notification with conditional nil-duty entries for parboiled rice exports.

Detailed Summary

Two notifications issued by the Ministry of Finance, Department of Revenue, New Delhi, dated 25th August 2023: first, Notification No. 49/2023-Customs (G.S.R. 628(E)), issued under sub-section (1) of section 8 of the Customs Tariff Act, 1975 (51 of 1975), amends the Second Schedule to that Act by inserting a new entry "6C. 1006 30 10 Rice, parboiled 20%" after Sl. No. 6B, with immediate effect, signed by Amreeta Titus, Deputy Secretary (File No. CBIC-190354/161/2023-TRU); second, Notification No. 50/2023-Customs (G.S.R. 629(E)), issued under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), amends Notification No. 55/2022-Customs dated 31st October 2022 (G.S.R. 796(E), as last amended by Notification No. 31/2023-Customs dated 20th April 2023, G.S.R. 309(E)) by inserting entries "2A" and "2B" for parboiled rice (HS 1006 30 10) at Nil duty subject to new Conditions 5 and 6 in the Annexure, namely that the duty rate takes effect from 16th October 2023 and that export goods must have entered the customs station before 25th August 2023 without clearance yet issued, backed by irrevocable Letters of Credit opened and authenticated by the recipient bank before 25th August 2023.

Full Text

EXTRAORDINARY PART II —Section 3 —Sub-section ( i) PUBLISHED BY AUTHORITY No. 489] NEW DELHI , FRIDAY, AUGUST, 25, 2023/ BHADRA 3, 194 5 CG-DL-E-25082023-248351 (1) (2) (3) (4) MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 25th August, 2023 No. 49 /2023 -Customs G.S.R. 62 8(E).—Whereas, the Central Government is satisfied that export duty should be levied on certain articles and that circumstances exist which render it necessary to take immediate action. Now, therefore, in exercise of the powers conferred by sub -section (1) of section 8 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the f ollowing manner, namely: - In the Second Schedule to the Customs Tariff Act, after Sl. No. 6B and the entries relating thereto, the following Sl. No. and entries relating thereto shall be inserted, namely: - (1) (2) (3) (4) “6C. 1006 30 10 Rice, parboiled 20%”; 2. This notification shall come into force with immediate effect. [F. No. CBIC -190354/161/2023 -TRU] AMREETA TITUS , Dy. Secy. (1) (2) (3) (4) (5) NOTIFICATION New Delhi, the 25th August, 2023 No. 50/2023 -Customs G.S.R. 62 9(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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 55/2022 -Customs, dated the 31st October 2022, 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, namely: - In the said notification, - (i) in the Table, after S. No. 2 and the entries relating thereto, the following S. Nos. and entries shall be inserted, namely: - (1) (2) (3) (4) (5) “2A. 1006 30 10 Rice, parboiled Nil 5 2B. 1006 30 10 Rice, parboiled Nil 6”; (ii) in the Annexure, after Condition number 4 and the entries relating thereto, the following Condition numbers and entries shall be inserted, namely: - “5. Rate of duty shall come into force on the 16th day of October, 2023 6. (i) Goods meant for export shall have entered the customs station for the purpose of exportation before the 25th day of August, 2023, and an order permitting clearance has not been issued by the proper offic er; and (ii) Goods meant for export shall be backed by irrevocable Letter(s) of Credit, wherein the said letter(s) of credit has been opened before the 25th day of August, 2023 , and the message exchange date between the Indian and Foreign bank/swift date should be before the 25th day of August, 2023 , and such Letter(s) of Credit should have been authenticated by the Recipient Bank. ". [F. No. CBIC -190354/161/2023 -TRU] AMREETA TITUS , Dy. Secy. Note: 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 Octob er 2022, and was last amended vide notification No. 31/2023 -Customs, dated the 20th April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub -Section (i), vide number G.S.R. 309(E), dated the 20th April, 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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