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Date: 27-Jun-2024 Category: Extra Ordinary State: Union Government Country: India

Extension of defense exemption

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • Notification No. 26/2024-Customs amends Notification No. 19/2019-Customs, dated July 6, 2019.
  • The amendment extends the validity of the original notification.

Key Changes

  • The amendment substitutes the figure “2024” with the figure “2029” in paragraph 2 of the original notification.
  • This extends the original notification by 5 years.

Impact Analysis

Importers

  • Action Item: Importers should update their import strategies and financial projections to reflect the extended validity period.

Government Revenue

  • Action Item: The Ministry of Finance should conduct a detailed analysis to estimate the revenue impact of this extension.

Domestic Industry

  • Action Item: Domestic industry associations should assess the impact of the extension on their members and engage with the government if necessary.

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 specific department within the government responsible for customs notifications. Customs Act, 1962: The primary legislation governing customs duties in India. Section 25(1) provides the power to grant exemptions from customs duty. Customs Tariff Act, 1975: Legislation related to customs tariff. Section 3(12) is referenced in the notification. Notification No. 19/2019-Customs: The original notification being amended, dated July 6, 2019, related to customs duties. G.S.R. 476 (E), dated 6th July, 2019: The Gazette of India publication number for the original notification. Notification No. 56/2023-Customs: Previous amendment to the original notification, dated 15th September, 2023. G.S.R. 674 (E), dated 15th September, 2023: The Gazette of India publication number for the previous amendment.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--2277006622002244--225544999944 CCGG--DDxLLx--xEEG--I22D77H00x66x22x00 2244--225544999944 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 329] नई दिल्ली, बहृ स्ट्पजतिार, िनू 27, 2024/आषाढ 6, 1946 No. 329] NEW DELHI, THURSDAY, JUNE 27, 2024/ASHADHA 6, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 27 िून, 2024 सख्ं य ा 26/2024-सीमा िल्ु क सा.का.जन. 352(अ).—सीमा िुल् क 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 प्रित् त िजियों का प्रयोग करत े हुए, केन्‍द र सरकार, इस बात स े संतुष्ट होते हुए दक ऐसा करना िनजहत म ें आिश् यक ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 19/2019-सीमा िुल् क, दिनांक 06 िुलाई, 2019, जिसे सा.का.जन. 476 (अ), दिनांक 06 िुलाई, 2019 के तहत भारत के रािपत्र, असाधारण, भाग-।।, खडं 3, उप खंड (i) म ेंप्रकाजित दकया गया था, म ें और आग े भी जनम्न जलजखत सिं ोधन करती ह,ै यथा:- उि अजधसूचना में, पैराग्राफ 2 म,ें अंक “2024” के स्ट्थान पर अंक “2029” प्रजतस्ट्थाजपत दकए िाएंगे । [फा. स.ं 354/02/2024- टीआरय]ू जिक्रम िानरे, अिर सजचि 3810 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट: मूल अजधसूचना संख् या 19/2019-सीमा िुल् क, दिनांक 06 िलु ाई, 2019, सा.का.जन. संख् या 476(अ), दिनांक 06 िलु ाई, 2019 के तहत भारत के रािपत्र, असाधारण, के भाग II, खडं 3, उप खंड (i) म ें प्रकाजित की गई थी और इसमें अंजतम बार अजधसूचना संख् या 56/2023–सीमा िुल् क, दिनांक 15 जसतम् बर, 2023 सा.का.जन. 674 (अ) दिनाकं दिनांक 15 जसतम्ब र, 2023 के तहत प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया ह।ै MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th June, 2024 No. 26/2024-Customs G.S.R. 352(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (12) of section 3, of 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. 19/2019- Customs, dated the 6th July, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 476 (E), dated the 6th July, 2019, namely:- In the said notification, in paragraph 2, for the figures “2024” the figures “2029” shall be substituted. [F.No. 354/02/2024-TRU] VIKRAM VIJAY WANERE, Under Secy. Note: The principal notification No. 19/2019-Customs dated the 6th July, 2019, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 476 (E), dated the 6th July, 2019, and was last amended by notification No. 56/2023-Customs, dated 15th September, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 674 (E), dated the 15th 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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