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Notifications related to Customs (Tariff) of CBEC

Circular No.ES/107/2017-18                                                                                 July 04, 2017

To: Members of the Council

Sub:  Notifications related to Customs (Tariff) of CBEC

Dear Member,

  •  

Vide this notification, government has made amendments specified in column (2) of the Table given  in the Notification  No. 26/2017 which shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table.

The government hereby rescinds the Notification No. 151/1982 - Customs, dated 14.05.1982,  except  as respects things done or omitted to be done before such rescission and shall come into force w.e.f 01.07.2017.

Vide this notification, the government exempts goods of the description specified in column (2) of the Table given in the Notification no. 34/2017 and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from the whole of the duty of customs leviable thereon which is specified in the said First Schedule , subject to the conditions, if any, specified in the corresponding entry in column (3) of the said Table.

·Notification No. 40/2017- Customs  dated 30.06.2017 - Seeks to grant Exemption to imports from Bhutan and Nepal from Basic Customs Duty

The government hereby exempts goods of the description specified in column (2) of the Table below and falling within the First Schedule of the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from the whole of the duty of customs leviable thereon which is specified in the said First Schedule.

Vide this notification, the government has amended the notifications specified in column (2) of the Table given in the Notification no. 43/2017, to the extent specified in the corresponding entries in column (3) of the said Table,

The government hereby exempts the goods falling within any Chapter of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and specified in column (2) of the Table below when re- imported into India, from so much of the duty of customs leviable thereon  which  is  specified  in  the  said  First  Schedule, and  the  whole  of  the,  integrated tax,  compensation cess leviable thereon respectively under sub - section  (7) and (9) of section 3 of the said Customs Tariff Act, as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table.

Vide this notification, the government exempts the goods falling within any Chapter of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and specified in column (2) of the Table below when re- imported into India, from so much of the duty of customs leviable thereon which is specified in the said First Schedule, and the whole of the additional duty, integrated tax , compensation cess leviable  thereon  respectively under sub- sections (1), (3), (5), (7) and (9) of section 3 of the said Customs Tariff Act as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table.

The government hereby exempts the goods falling within the Fourth Schedule to the Central Excise Act, 1944 (1of 1944) and specified in column (2) of the Table given in the Notification no. 47/2017, when re- imported into India, from so much of the duty of customs leviable thereon which is specified in the First Schedule of the Customs Tariff Act, 1975 (51 of 1975) and the whole of the additional duty leviable thereon under sub-sections (1), (3), and (5) of section 3 of the said Customs Tariff Act, as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table.

The government exempts the goods falling under the Fourth Schedule to the Central Excise Act, 1944 (1of 1944), when imported into India for subsequent sale, from the whole of the additional duty of customs leviable thereon under sub-section (5) of section 3 of the Customs Tariff Act,1975 (51 of 1975) (hereinafter referred to as the said additional duty of Customs).

The government hereby exempts all the goods falling within the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975), when imported into India, from whole of Education Cess which is leviable thereon under sub-sections (7) and (9) of section 3 of the Customs tariff Act,1975, read with sections 91, 93 and 94 of the said Finance Act. This notification shall come into force with effect from the 1st day of July, 2017.

The government hereby exempts all the goods falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from whole of Secondary and Higher Education Cess which is leviable thereon under sub-sections (7) and (9) of section 3 of the Customs tariff Act,1975, read with sections 136, 138 and 139 of the said Finance Act. This notification shall come into force with effect from the 1st day of July, 2017.

In the said notification, in the opening paragraph, for the words “specified in the said First Schedule”, the words “specified in the First Schedule and from the whole of integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act,1975” shall be substituted.  This notification shall come into force with effect from the 1st July, 2017.

In the said notification, in the opening paragraph, for the words “specified in the said First Schedule”, the words “specified in the First Schedule and from the whole of integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act,1975”shall be substituted. This notification shall come into force with effect from the 1st July, 2017.

For more information, members may kindly refer to the above Notifications and make note of the same.

Thanking you,

V. ANIL KUMAR
EXECUTIVE DIRECTOR

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