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Date: 2017-08-17 Category: Extra Ordinary State: Union Government Country: India

In exercise of the power conferred by sub section 2 of section 75 of the customs act, 1962

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Ministry of Finance, Department of Revenue, on August 17, 2017, makes further amendments to Notification No. 131/2016-Customs N.T. The amendments pertain to the drawback rates for specific tariff items under Chapter 71 of the Customs Schedule. The notification comes into force from the date of its publication. Key Points / Main Content: Amendments to Drawback Rates (Chapter 71): The notification amends the drawback rates for specific tariff items in Chapter 71 of the Customs Schedule. Tariff Item 711301: Column 4: The figure "261.5" is substituted with "246.5." Column 6: The figure "261.5" is substituted with "246.5." Tariff Item 711302: Column 4: The figure "3733.3" is substituted with "3513.8." Column 6: The figure "3733.3" is substituted with "3513.8." Tariff Item 711401: Column 4: The figure "3733.3" is substituted with "3513.8." Column 6: The figure "3733.3" is substituted with "3513.8." Impact Analysis: Exporters and Importers dealing with Chapter 71 items: Impact: The drawback amounts for tariff items 711301, 711302 and 711401 are revised as specified in the notification. Action Required: Adjust export/import costing and documentation to reflect the revised drawback rates, effective from the date of publication of the notification. Customs Authorities: Impact: Required to implement the revised drawback rates for relevant customs clearances. Action Required: Update systems and procedures to reflect the changes in drawback rates as specified in the notification for the mentioned tariff items.

Key Entities Referenced

Ministry of Finance: The Union Government Ministry responsible for economic and financial matters in India. Department of Revenue: A department under the Ministry of Finance, Government of India, responsible for tax collection and administration. New Delhi: The capital city of India, where the notification was issued. Customs Act, 1962: An Indian law that governs customs duties and related matters. Central Excise Act, 1944: An Indian law related to the levy and collection of excise duties. Customs, Central Excise Duties and Service Tax Drawback Rules, 1995: Rules governing drawback (refund) of customs, central excise duties, and service tax. G.S.R. 1021(E): A reference number assigned to the notification published in the Gazette of India. Gazette of India: An official journal of the Government of India, publishing legal notices and regulations.
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jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (i) PART II—Section 3—Sub-section (i) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 698] ubZ fnYyh] c`gLifrokj] vxLr 17] 2017@Jko.k 26] 1939 No. 698] NEW DELHI, THURSDAY, AUGUST 17, 2017/ SRAVANA 26, 1939 िव(cid:7275) म(cid:7074)ं ालय (राजस्व िवभाग) अिधसूचना नई िदल्ली, 17 अगस्त, 2017 सं. 79/2017-सीमा शल्ु क (ग.ैटे.) सा.का.िन. 1021(अ).—सीमा शुल्क, क(cid:7286)(cid:7076)ीय उत्पाद शुल्क और सेवा कर (cid:7079)ितअदायगी िनयमावली, 1995 के िनयम 3 और 4 के साथ पिठत सीमा शुल्क अिधिनयम, 1962 (1962 का 52) की धारा 75 की उप-धारा (2) और क(cid:7286)(cid:7076)ीय उत्पाद शुल्क अिधिनयम, 1944 (1944 का 1) की धारा 37 की उप-धारा (2) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते हुए, क(cid:7286)(cid:7076) सरकार एत(cid:7375)ारा सा.का.िन. संख्या 1018 (अ), िदनांक 31 अक् तूबर, 2016 के तहत (cid:7079)कािशत, भारत सरकार, िव(cid:7275) मं(cid:7074)ालय (राजस्व िवभाग) की अिधसूचना सं0. 131/2016 – सीमा शुल्क (गै.टे.) िदनांक 31 अक् तूबर, 2016 म(cid:7286) पुन: िन(cid:7388)िलिखत संशोधन करती ह,ै यथा:- उ(cid:7334) अिधसूचना म(cid:7286), अनुसूची म(cid:7286), अध्याय – 71 म(cid:7286),- (क) टैिरफ मद 711301 के समक्ष,- (i) कालम (4) की (cid:7079)िवि(cid:7397) म(cid:7286), "261.5" अंक(cid:7298) के स्थान पर, "246.5" अंक(cid:7298) को (cid:7079)ितस्थािपत िकया जाएगा; (ii) कालम (6) की (cid:7079)िवि(cid:7397) म(cid:7286), "261.5" अंक(cid:7298) के स्थान पर, "246.5" अंक(cid:7298) को (cid:7079)ितस्थािपत िकया जाएगा; 4997 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ख) टैिरफ मद 711302 के समक्ष,- (i) कालम (4) की (cid:7079)िवि(cid:7397) म(cid:7286), "3733.3" अंक(cid:7298) के स्थान पर, "3513.8" अंक(cid:7298) को (cid:7079)ितस्थािपत िकया जाएगा; (ii) कालम (6) की (cid:7079)िवि(cid:7397) म(cid:7286), "3733.3" अंक(cid:7298) के स्थान पर, "3513.8" अंक(cid:7298) को (cid:7079)ितस्थािपत िकया जाएगा; (ग) टैिरफ मद 711401 के समक्ष,- (i) कालम (4) की (cid:7079)िवि(cid:7397) म(cid:7286), "3733.3" अंक(cid:7298) के स्थान पर, "3513.8" अंक(cid:7298) को (cid:7079)ितस्थािपत िकया जाएगा; (ii) कालम (6) की (cid:7079)िवि(cid:7397) म(cid:7286), "3733.3" अंक(cid:7298) के स्थान पर, "3513.8" अंक(cid:7298) को (cid:7079)ितस्थािपत िकया जाएगा। 2. यह अिधसूचना इसके (cid:7079)काशन की ितिथ से लागू होगी। [फा. सं. 609/58/2017-डीबीके] धमर्वीर शमार्, अवर सिचव िटप्प णी : (cid:7079)धान अिधसूचना सं0. 131/2016-सीमा शुल्क (गै.टे), िदनांक 31 अक् तूबर, 2016 को भारत के राजप(cid:7074), असाधारण, भाग-।।, खंड-3, उपखंड (i) म(cid:7286) सा.का.िन. संख्या 1018 (अ) िदनांक 31 अक् तूबर, 2016 (cid:7367)ारा (cid:7079)कािशत िकया गया तथा इसम(cid:7286) भारत के राजप(cid:7074), असाधारण,भाग II, खंड 3, उप-खंड (i) म(cid:7286) सा.का.िन. संख्या 954 (अ) िदनांक 26 जुलाई, 2017 के तहत (cid:7079)कािशत अिधसूचना सं0. 73/2017- सीमा शुल्क (गै.टे.) िदनांक 26 जुलाई, 2017 (cid:7367)ारा अंितम बार संशोधन िकया गया था । MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th August, 2017 No. 79/ 2017 - CUSTOMS (N.T.) G.S.R. 1021(E).—In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 131/2016 - Customs (N.T.), dated the 31st October, 2016, published vide number G.S.R. 1018 (E), dated the 31st October, 2016, namely:- In the said notification, in the Schedule, in Chapter - 71,- (A) against tariff item 711301,- (i) in the entry in column (4), for the figures, “261.5”, the figures, “246.5” shall be substituted; (ii) in the entry in column (6), for the figures, “261.5”, the figures, “246.5” shall be substituted; (B) against tariff item 711302,- (i) in the entry in column (4), for the figures, “3733.3”, the figures, “3513.8” shall be substituted; (ii) in the entry in column (6), for the figures, “3733.3”, the figures, “3513.8” shall be substituted;¹Hkkx IIμ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3 (C) against tariff item 711401,- (i) in the entry in column (4), for the figures, “3733.3”, the figures, “3513.8” shall be substituted; (ii) in the entry in column (6), for the figures, “3733.3”, the figures, “3513.8” shall be substituted. 2. This notification shall come into force from the date of its publication. [F. No. 609/58/2017-DBK] DHARMVIR SHARMA, Under Secy. Note : The principal notification No. 131/2016-Customs (N.T.), dated the 31st October, 2016 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 31st October, 2016 vide number G.S.R. 1018 (E), dated the 31st October, 2016 and was last amended by notification No.73/2017-Customs (N.T.), dated 26th July, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated 26th July, 2017 vide G.S.R. 954 (E) , dated 26th July, 2017. Uploaded by Dte. of Printing at Government of India Press, Ringg Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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