Government Extends Lower Import Duty on Edible Oil Until March 2025; Omits Words, Figures, and Letters in Notification

By:

The CBIC vide Notification No. 02/2024-Customs dated January 15, 2024, amending certain notifications under the Customs Act, 1962, in accordance with the powers conferred by the Finance Act, 2021. The amendments are deemed necessary in the public interest, with details outlined in a specified table.

TABLE

S. No.

Notification No. and Date Amendments
(1) (2)

(3)

1.

48/2021-Customs, dated October 13, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 733(E)., dated October 13, 2021 In the said notification, in paragraph 2, for the figures “2024”, the figures “2025” shall be substituted;

2.

49/2021-Customs, dated October 13, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 734(E)., dated October 13, 2021

In the said notification, in paragraph 2, the words, figures, and letters “Provided that nothing contained in this notification shall apply to the goods specified against serial numbers 1, 2 and 3 of the Table above on or after the 1st day of April, 2024.” shall be omitted.

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009987/ENG/Notifications