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Date: 14-Sep-2023 Category: Extra Ordinary State: Union Government Country: India

Amendment of notification No. 50/2017 after project import review

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 54/2023-Customs issued by the Ministry of Finance (Department of Revenue) amends notification No. 50/2017-Customs, dated 30th June, 2017. The amendments pertain to extending the validity of certain exemptions related to customs duties.

Key Changes

  • The validity of exemptions under S. No. 598, 600, 601, 602, and 603 in the table of notification No. 50/2017-Customs has been extended from 30th September, 2023 to 30th September, 2025.
  • For S. No. 597, exemptions under items (ii) and (iv) will cease to have effect after 30th September, 2023, while exemptions under items (i), (iii), and (v) will cease to have effect after 30th September, 2025.
  • The notification comes into effect immediately.

Impact Analysis

Businesses importing goods

  • Action Item: Review import strategies and cost projections considering the extended and expiring exemptions.

Government Revenue

  • The cessation of exemptions under S. No. 597 items (ii) and (iv) after 30th September, 2023 will increase customs revenue.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification. Central Government: The entity exercising powers conferred by the Customs Act, 1962 and the Customs Tariff Act, 1975. Customs Act, 1962: The principal act governing customs duties in India. Section 25(1) provides the power to grant exemptions from customs duty. Customs Tariff Act, 1975: The act that provides the framework for levying customs duties. Section 3(12) provides the power to grant exemptions. Notification No. 50/2017-Customs, dated 30th June, 2017: The principal notification being amended by this notification. Notification No. 53/2023-Customs, dated 5th September, 2023: The notification that last amended notification No. 50/2017-Customs.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-14092023-248729 xxxGIDExxx CG-DL-E-14092023-248729 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 527] नई दिल्ली, बहृ स्ट्प जतिार, जसतम्ब र 14, 2023/भार 23, 1945 No. 527] NEW DELHI, THURSDAY, SEPTEMBER 14, 2023/BHADRA 23, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 14 जसतम्बर, 2023 स.ं 54/2023-सीमा िल्ु क सा.का.जन. 668(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप-धारा (1) और सीमा िुल् क टैररफ अजधजनयम, 1975 (1975 का 51) की धारा 3 की उप धारा (12) के तहत प्रित्त िजियों का प्रयोग करते हुए केन्द्र सरकार, इस बात से संतुष्ट होते हुए दक ऐसा करना िनजहत में आिश्यक है, एतिद्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 50/2017-सीमा िुल्क, दिनांक 30 िून, 2017, जिसे सा.का.जन. 785 (अ), दिनांक 30 िून, 2017 के तहत भारत के रािपत्र, असाधारण, के भाग II, खण्ड 3, उप-खण्ड (i) में प्रकाजित दकया गया था, में जनम्नजलजखत संिोधन करती है, यथा :- उि अजधसूचना में, ताजलका में, - (i) क्रम संख्या 597 के समक्ष, कॉलम (3) में, परंतुक के स्ट्थान पर, जनम्नजलजखत परंतुकों को प्रजतस्ट्थाजपत दकया िाएगा, अथाात् :- “बिते दक मि (ii) और (iv) 30 जसतंबर, 2023 के बाि प्रभािी नहीं होगी। बिते दक आगे मि (i), (iii) और (v) 30 जसतंबर 2025 के बाि प्रभािी नहीं होगी।”; (ii) क्रम संख्या 598 के समक्ष, कॉलम (3) में, अंक, "2023" के स्ट्थान पर, अंक, "2025" प्रजतस्ट्थाजपत दकया िाएगा; 5872 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (iii) क्रम संख्या 600 के समक्ष, कॉलम (3) में, अंक, "2023" के स्ट्थान पर, अंक, "2025" प्रजतस्ट्थाजपत दकया िाएगा; (iv) क्रम संख्या 601 के समक्ष, कॉलम (3) में, अंक, "2023" के स्ट्थान पर, अंक, "2025" प्रजतस्ट्थाजपत दकया िाएगा; (v) क्रम संख्या 602 के समक्ष, कॉलम (3) में, अंक, "2023" के स्ट्थान पर, अंक, "2025" प्रजतस्ट्थाजपत दकया िाएगा; (vi) क्रम संख्या 603 के समक्ष, कॉलम (3) में, अंक, "2023" के स्ट्थान पर, अंक, "2025" प्रजतस्ट्थाजपत दकया िाएगा। 2. यह अजधसूचना तत्काल प्रभाि से लागू होगी । [फा. सं. 190352/01/2023-टीआरयू] जिक्रम जििय िानेरे, अिर सजचि नोट : प्रधान अजधसूचना संख्य ा 50/2017-सीमा िुल्क, दिनांक 30 िून, 2017 को सा.का.जन. 785(अ), दिनांक 30 िून, 2017 के तहत भारत के रािपत्र, असाधारण, के भाग II, खंड 3, उप खंड (i) में प्रकाजित की गई थी और इसमें अंजतम बार अजधसूचना संख्या 53/2023-सीमा िुल्क, दिनांक 5 जसतम्बर, 2023, जिसे सा.का.जन. 656 (अ), दिनांक 5 जसतम्बर, 2023 के तहत भारत के रािपत्र, असाधारण, के भाग II, खंड 3, उप खंड (i) में प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया था । MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th September, 2023 No. 54/2023-Customs G.S.R. 668(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:- In the said notification, in the Table, - (i) against S. No. 597, in column (3), for the proviso, the following provisos shall be substituted, namely: - “Provided that items (ii) and (iv) shall cease to have effect after 30th September, 2023. Provided further that items (i), (iii) and (v) shall cease to have effect after 30th September 2025.”; (ii) against S. No. 598, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted; (iii) against S. No. 600, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted; (iv) against S. No. 601, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted; (v) against S. No. 602, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted; (vi) against S. No. 603, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted. 2. This notification shall come into force with immediate effect. [F. No.190352/01/2023-TRU] VIKRAM VIJAY WANERE, Under Secy. Note : The principal notification No. 50/2017-Customs, dated the 30th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and was last amended vide notification No. 53/2023-Customs, dated the 5th September, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 656(E), dated the 5th September, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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