Home› India› Ministry of Finance› Customs Notification to amend Notification 50 of 2027...
Date: 20-Feb-2025 Category: Extra Ordinary State: Union Government Country: India

Customs Notification to amend Notification 50 of 2027

Issued by Ministry of Finance · Department of Revenue

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The notification No. 15/2025-Customs, dated February 20, 2025, issued by the Ministry of Finance (Department of Revenue), makes amendments to notification No. 50/2017-Customs, dated June 30, 2017. These amendments pertain to customs duties and are deemed necessary in the public interest.

Key Changes

  • The notification substitutes the entry “84” with “-” in column (6) against S.No. 551 and S. No. 555 in the table of the original notification No. 50/2017-Customs.
  • The amendment is effective immediately from February 20, 2025.

Impact Analysis

Importers/Exporters

  • Action Item: Businesses should immediately assess how this change impacts their import/export costs and pricing strategies.

Customs Authorities

  • Action Item: Update customs procedures and systems to reflect the new duty structure for the specified items. Disseminate information to relevant officers.

Consumers

  • Action Item: Monitor price changes in the market to understand the impact on consumer spending.

Government Revenue

  • Action Item: The Department of Revenue should monitor the revenue impact and adjust fiscal forecasts accordingly.

Key Entities Referenced

Central Government: The issuer of the notification, acting through the Ministry of Finance (Department of Revenue). Ministry of Finance (Department of Revenue): The government body responsible for issuing and administering the notification. Customs Act, 1962: The principal legislation governing customs duties in India. Section 25(1) provides the power to grant exemptions from customs duty. Customs Tariff Act, 1975: The legislation that specifies the tariff rates for imported goods. Section 3(12) provides the power regarding duties levied under this act. Notification No. 50/2017-Customs, dated June 30, 2017: The principal notification being amended by this notification. It was published in the Gazette of India vide G.S.R. 785(E), dated June 30, 2017. Notification No. 05/2025-Customs, dated February 1, 2025: The last notification that amended notification No. 50/2017-Customs prior to this notification, published in the Gazette of India vide G.S.R. 98 (E), dated February 1, 2025.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-20022025-261196 xxxGIDHxxx CG-DLxx-xEG-I2D0E0x2x2x0 25-261196 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 107] नई दिल्ली, बृहस्ट्प जतिार, फरिरी 20, 2025/फाल्ग नु 1, 1946 No. 107] NEW DELHI, THURSDAY, FEBRUARY 20, 2025/PHALGUNA 1, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 20 फरिरी, 2025 स.ं 15/2025-सीमा िल्ु क सा.का.जन. 141(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप-धारा (1) और सीमा िुल् क ैरिरफ 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 हर, एतिद्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 50/2017-सीमा िुल्क, दिनांक 30 िनू , 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 ह,र यथा :- उक्त अजधसूचना म,ें सारणी में; क्रम संख्या 551 और क्रम सख्ं या 555 के समक्ष, कॉलम (6) म,ें प्रजिजष्ट “84” के स्ट्थान पर, प्रजिजष्ट “-” प्रजतस्ट्थाजपत की िाएगी। 1313 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 2. यह अजधसूचना तत्काल प्रभाि से लागू होगी। [फा. सं. 190352/180/2024-ैीआरय]ू दिलजमल ससंह सोच, अिर सजचि नोै : प्रधान अजधसूचना सख्ं या 50/2017-सीमा िुल्क, दिनांक 30 िून, 2017 को भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में संख्या सा.का.जन. 785((अ), दिनांक 30 िून, 2017 द्वारा प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 05/2025-सीमा िुल्क, दिनांक 1 फरिरी, 2025 को भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में संख्या सा.का.जन. 98 ((अ), दिनांक 1 फरिरी, 2025 द्वारा सिं ोजधत दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 20th February, 2025 No. 15/2025-Customs G.S.R. 141(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, 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,- Against S.No. 551 and S. No. 555, in column (6), for the entry “84”, the entry “-” shall be substituted. 2. This notification shall come into force with immediate effect. [F. No. 190354/180/2024-TRU] DILMIL SINGH SOACH, 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 last amended vide notification No. 05/2025-Customs, dated the 1st February, 2025, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 98 (E), dated the 1st February, 2025. 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.

Continue your research

Related Documents from Ministry of Finance