• CCI AD FROM 5th April 2021

CBIC amends customs notifications to make changes consequential to enactment of Finance Act, 2021

Circular No. ES/14/2021-22                                                                          10th April, 2021  

                                                                                                    

To: Members of the Council  

 

Sub: CBIC amends customs notifications to make changes consequential to enactment of Finance Act, 2021 

 

Dear Member,  

 

CBIC has issued Notification No. 26/2021 – Customs dated 8th April, 2021 by making amendments in the following customs notifications to make changes consequential to enactment of Finance Act, 2021. 

 

Relevant extract of the Notification is given:

 

S. No. 

Notification No. & Date 

Amendments 

101/2007-Customs dated 11th September, 2007 (Tariff concessions on specified items under Indo-Chile Preferential Trading Agreement) 

In the said notification, for the words, figures and brackets “clause 115 of the Finance Bill, 2021 (15 of 2021)”, the words, figures and brackets, “section 124 of the Finance Act, 2021 (13 of 2021)” shall be substituted. 

96/2008- Customs dated 13th August, 2008 (Regarding Duty free tariff preference for Least Developed Countries) 

In the said notification, for the words, figures and brackets “clause 115 of the Finance Bill, 2021 (15 of 2021)”, the words, figures and brackets, “section 124 of the Finance Act, 2021 (13 of 2021)” shall be substituted. 

57/2009- Customs dated 30th May, 2009 (Regarding exemption to specified goods when imported to India from specified countries) 

In the said notification, for the words, figures and brackets “clause 115 of the Finance Bill, 2021 (15 of 2021)”, the words, figures and brackets, “section 124 of the Finance Act, 2021 (13 of 2021)” shall be substituted. 

50/2018-Customs dated 30th June, 2018 (seeks to provide the tariff concession to the goods of the description specified in column (3) of the Table hereto annexed and falling under the Chapter.) 

In the said notification, for the words, figures and brackets “clause 115 of the Finance Bill, 2021 (15 of 2021)”, the words, figures and brackets, “section 124 of the Finance Act, 2021 (13 of 2021)” shall be substituted. 

11/2021-Customs dated 1st February, 2021 (Seeks to prescribe effective rate of Agriculture Infrastructure and Development Cess for specified goods.) 

In the said notification, -  

 

(i) for the words, figures and brackets “clause 115 of the Finance Bill, 2021 (15 of 2021), which, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), has the force of law”, the words, figures and brackets, “section 124 of the Finance Act, 2021 (13 of 2021)” shall be substituted;  

 

(ii) for the words, figures and brackets “said clause of the Finance Bill, 2021”, the words, figures and brackets “said section of the Finance Act, 2021 (13 of 2021)” shall be substituted. 

 

Members may kindly make a note of the above. 

 

Thanking you,    

  

Yours faithfully,  

  

S. BALARAJU 
EXECUTIVE DIRECTOR