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Core Purpose

Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2024, extending a compliance deadline and reducing bond amounts under the Sea Cargo Manifest and Transhipment Regulations, 2018.

Detailed Summary

The Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, by Notification No. 47/2024-Customs (N.T.), G.S.R. 356(E) dated 30th June 2024, in exercise of powers under section 157 read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of 1962), makes the Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2024, effective from the date of publication. The amendment, to regulation 15(2) of the Sea Cargo Manifest and Transhipment Regulations, 2018, extends the deadline from 'till 30th June 2024' to 'till 31st August 2024', and amends Form XI to reduce the specified bond/guarantee amount from 'Rs. ten lakhs' (Rs. 10,00,000) to 'Rs. five lakhs' (Rs. 5,00,000) wherever it occurs. The notification is signed by Dhananjay Singh, Under Secretary, and notes the principal regulations were published vide G.S.R. 448(E) dated 11th May 2018 and last amended vide notification No. 26/2024-Customs (N.T.) dated 28th March 2024 (G.S.R. 235(E)).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-30062024-255041 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 333] NEW DELHI, SUNDAY, JUNE 30, 2024/ASHADHA 9, 1946 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th June, 2024 No. 47/2024-Customs (N.T.) G.S.R. 356(E). In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations further to amend the Sea Cargo Manifest and Transhipment Regulations, 2018, namely: - 1. Short title and commencement - (1) These regulations may be called the Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the said regulations, in regulation 15,- a. In sub-regulation (2), for the words, figures and letters, “till 30th June 2024", the words, figures and letters, "till 31st August 2024" shall be substituted. 3. In the said regulations, in Form XI, a. for the words, figures and letters, "Rs. ten lakhs", wherever they occur, the words, figures and letters, "Rs. five lakhs" shall be substituted. b. for the words, figures and letters, “Rs. 10,00,000/- (Rupees ten lakhs)", wherever they occur, the words, figures and letters, "Rs. 5,00,000/- (Rupees five lakhs)" shall be substituted. c. for the words, figures and letters, “Rs. Ten lakhs", wherever they occur, the words, figures and letters, "Rs. five lakhs" shall be substituted. [F. No. 450/58/2015- Cus IV(Pt.I)] DHANANJAY SINGH, Under Secy. Note: The principal regulations were published in the Gazette of India, Extraordinary, Part II, Section 3 Sub-section (i) vide number G.S.R. 448(E), dated the 11th May, 2018 and were last amended vide notification No. 26/2024- Customs (N.T) dated the 28th March 2024, vide number G.S.R. 235(E), dated the 28th March 2024

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