Important Notifications : January 2

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  • Notification: Customs:
  1. Withdrawal of Basic Custom Duty (BCD) exemption available to specified fabrics imported for use in manufacturing of textile garments for exports, subject to the specified conditions

The Central Government vide Notification No. 62/2016-Customs dated December 31, 2016 has made amendment in Notification No. 12/2012-Customs dated March 17, 2012 dealing with effective rate of duty on import of goods thereby inserting a new clause (dd) in the proviso after clause (d) namely;

“(dd) the goods specified against serial no. 284A of the said Table on or after the first day of January, 2017;”

Thus, with effect of this Notification exemption from Basic Customs Duty (BCD), available to specified fabrics, of value equivalent to 1% of the Free on Board (FOB) value of exports in the preceding financial year, imported for use in manufacturing of textile garments for exports, subject to certain condition stands withdrawn.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs62-2016.pdf

  1. Amendment in Notification No. 46/2011-Customs dated June 1, 2011 dealing with Customs duty concessions provided to Notified goods imported from Philippines and other ASEAN countries

The Central Government vide Notification No. 63/2016 – Customs dated December 31, 2016 has amended the Notification No. 46/2011-Customs dated June 1, 2011 dealing with Customs duty concessions for goods imported from Philippines and other Association of Southeast Asian Nations (ASEAN) countries viz.  Malaysia, Singapore etc. in view of ASEAN- India FTA (AIFTA).

The amendments has been carried out in effective rate of duty applicable on Notified Goods imported from ASEAN countries in order to provide deeper tariff concessions in respect of specified goods when imported from ASEAN countries under the India-ASEAN Free Trade Agreement and to carry out editorial changes as a result of shift in Harmonised System Nomenclature (“HSN”) 2012 to HSN 2017.

 The said amendment shall be effective from January 1, 2017.

 Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs63-2016.pdf

  1. Amendment in Notification No. 69/2011-Customs dated July 29, 2011 dealing with exemption from Customs duty on goods imported into India from Japan

The Central Government vide Notification No. 64/2016 –Customs dated December 31, 2016 has made amendment in Notification No. 69/2011-Customs dated July 29, 2011 dealing with exemption from duty of customs leviable on goods imported into India from Japan in excess of the amount calculated at the rate specified in the table appended to said Notification.

 The amendments have been carried out in a view as to provide a deepen the concessional rate of basic customs duty in respect of tariff item 8408 20 20 (dealing with engines of a kind used for the propulsion of specified motor vehicles of cylinder capacity exceeding 250 cc) and 8708 40 00 (dealing with gear box and parts thereof, of specified motor vehicles) when imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA) and to carry out editorial changes as a result of shift in Harmonised System Nomenclature (“HSN”) 2012 to HSN 2017.

 The aforementioned amendment shall be effective from January 1, 2017.

 Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs64-2016.pdf

 Amendment in Notification No. 53/2011-Customs dated July 1, 2011 dealing with tariff concession available to specified goods imported from Malaysia under India-Malaysia Comprehensive Economic Cooperation Agreement

The Central Government vide Notification No. 65/2016- Customs dated December 31, 2016 has amended Notification No. 53/2011-Customs dated July 1, 2011 dealing with Customs duty concession available to specified goods imported from Malaysia under India-Malaysia Comprehensive Economic Cooperation Agreement (CECA).

The amendments has been carried out in the said Notification  in  order  to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement and to carry out and to carry out editorial changes as a result of shift in Harmonised System Nomenclature (“HSN”) 2012 to HSN 2017.

 The aforementioned amendments shall be effective from January 1, 2017.

 Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs65-2016.pdf

 5. Amendment in Notification No. 152/2009-Customs dated December 31, 2009 dealing with duty concession available to specified goods imported into India from the Republic of Korea

The Central Government vide Notification No. 66/2016- Customs dated December 31, 2016 has amended Notification No. 152/2009-Customs dated December 31, 2009 dealing with Customs duty concession available to specified goods imported into India from the Republic of Korea.

 The amendments has been carried out in the said Notification  in order  to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) and to carry out and to carry out editorial changes as a result of shift in Harmonised System Nomenclature (“HSN”) 2012 to HSN 2017.

 The aforementioned amendments shall be effective from January 1, 2017.

 Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs66-2016.pdf

 6.Amendment in Eighteen Customs Notifications

The Central Government vide Notification No.67/2016-Customs dated December 31, 2016 has carried out amendment in eighteen different Notifications of customs dealing with separate matters basically to give effect to Harmonised System Nomenclature (HSN) 2017 changes along with other changes such as insertion of new entries etc.

 Read more at: http://www.cbec.gov.in/resources/htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs67-2016.pdf

  1. Amendment in Notification No. 69/2004-Cus dated July 9, 2004 dealing with exemption to specified goods of various chapters from the Levy of Education Cess

The Central Board of Excise and Customs vide Notification No. 68/2016-Customs dated December 31, 2016 has amended Notification No. 69/2004 – Cus dated July 9, 2004 dealing with exemption available to specified goods of various chapters from the Levy of Education Cess by inserting new entries and substituting tariff heading as a result of shift from Harmonised System Nomenclature (“HSN”) 2012 to HSN 2017.

 Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs68-2016.pdf

  1. Amendments in the First Schedule to the Customs Tariff Act, 1975 and Central Excise Tariff Act, 1985

The Central Government vide Notification No. 150/2016 – Customs (NT) dated December 31, 2016 has made amendment in the First Schedule to the Customs Tariff Act, 1975 in Chapter 29 dealing with Organic chemicals in tariff heading 2937 i.e. Hormones, Prostaglandins, Thromboxanes and Leukotrienes, natural or reproduced by synthesis, derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as hormones, Chapter 38 dealing with Miscellaneous chemical products, Chapter 44 dealing with Wood and articles of wood, wood charcoal, Chapter 55 dealing with Man-made staple fibres and Chapter 94  dealing with Furniture; bedding, mattresses, mattress supports etc.

 Further, similar amendments have been made in Chapter 29, 38, 44, 55 and 94 in the First Schedule of the Central Excise Tariff Act, 1985 vide Notification No. 49/2016-Central Excise (N.T.) dated December 31, 2016.

Read more at:

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-nt2016/csnt150new-2016.pdf

http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-nt2016/cent49-2016.pdf

  • Notification: Central Excise:

Amendment in Notification No. 49/2008-Central Excise (N.T.) dated December 24, 2008 dealing with the list of goods on which MRP based valuation is effective and prescribes rate of abatement applicable on them

The Central Government vide Notification No. 50/2016- Central Excise (N.T.) dated December 31, 2016 has amended Notification No. 49/2008-Central Excise, (N.T.) dated December 24, 2008 dealing with list of goods on which MRP based valuation is effective and rate of abatement applicable on them, by carrying out following alterations namely;

  • Against serial number 51 dealing with Stencil correctors and other correcting fluids, ink removers put up in packing’s for retail sale, tariff item code has been changed to “3824 99 24 or 3824 99 90”
  • Against serial number 58 description of goods is substituted with the words “Unglazed Vitrified Tiles (whether polished or not) or Glazed Tiles” for the words “Vitrified tiles, whether polished or not”.
  • Serial number 59 dealing with Glazed tiles and the entries relating thereto has been omitted;
  • Against serial number 76 dealing with Typewriters tariff item code is changed to “8472 90”.

Further, the said amendments are effective from January 1, 2017.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-nt2016/cent50-2016.pdf

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