Home India Ministry of Finance In exercise of the powers conferred by clause 34 of section ...
Date: 2017-03-31 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by clause 34 of section 2 of the Customs Act

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 25/2017-Customs (N.T.), issued by the Central Board of Excise and Customs, Department of Revenue, Ministry of Finance, introduces further amendments to Notification No. 40/2012-Customs (N.T.), dated May 2, 2012. The amendment pertains to the table within the original notification, specifically column 3 against serial number 2, substituting the existing item (i) with "Second proviso to subsections (3), and (5) of section 46; and." The original notification No. 40/2012-Customs (N.T.) was published as S.O. 993(E) on May 2, 2012, and last amended by Notification No. 12/2014-Customs (N.T.) dated February 17, 2014, published as S.O. 419(E) on the same date. This notification is issued in exercise of the powers conferred by clause (34) of section 2 of the Customs Act, 1962 (52 of 1962). The notification is issued under F.No.450322016-Cus IV and signed by Shaifali G. Singh, Under Secretary. It was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (ii) under number 925 on March 31, 2017.

Key Entities Referenced

Customs Act, 1962: A law enacted in 1962 in India, related to customs duties and regulations. Clause 34 of section 2 of the act is mentioned. Central Board of Excise and Customs: A government organization responsible for the administration of excise and customs duties. Ministry of Finance: A ministry of the Government of India responsible for financial matters. Department of Revenue: A department within the Ministry of Finance responsible for tax administration. New Delhi: The capital city of India, where the notification was issued. Gazette of India: An official publication of the Government of India, publishing notifications and regulations. S.O. 1038E: A specific notification number related to customs regulations. SHAIFALI G. SINGH: Under Secretary who signed the notification.
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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 (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 925] ubZ fnYyh] 'kqØokj] ekpZ 31] 2017@pS=k 10] 1939 No. 925] NEW DELHI, FRIDAY, MARCH 31, 2017/CHAITRA 10, 1939 िव(cid:7004)त म(cid:7074)ं ालय (राज(cid:7021) व िवभाग) [क(cid:7286)(cid:7076)ीय उ(cid:7004) पाद श(cid:7016)ु क एव ंसीमाश(cid:7016)ु क बोड](cid:6981) अिधसचू ना नई (cid:7408)द(cid:7016)ल ी, 31 माच(cid:6981),2017 स.ं 25/2017-सीमाश(cid:7016)ु क (ग.ैटै.) का.आ. 1038(अ).—सीमा शु(cid:7016) क अिधिनयम, 1962 (1962 का 52) क(cid:7409) धारा 2 के ख(cid:7003) ड (34) (cid:7367)ारा (cid:7079)द(cid:7004) त शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए, के(cid:7008) (cid:7076)ीय उ(cid:7004) पाद शु(cid:7016) क एवं सीमा शु(cid:7016) क बोड(cid:6981), भारत के राजप(cid:7074), असाधारण, के भाग II, ख(cid:7003) ड 3, उपख(cid:7003) ड (ii) (cid:7408)दनांक 2 मई, 2012 के अंतग(cid:6981)त (cid:7079)कािशत भारत सरकार, िव(cid:7004) त मं(cid:7074)ालय (राज(cid:7021) व िवभाग) क(cid:7409) अिधसूचना सं. 40/2012-सीमा शु(cid:7016) क (गै.ट.े), (cid:7408)दनाकं 2 मई, 2012 म(cid:7286) एतद(cid:7367)ारा िन(cid:7013) निलिखत और संशोधन करता है, अथा(cid:6981)त ् - उ(cid:6989) त अिधसूचना म(cid:7286), सारणी म(cid:7286), कॉलम (3) म(cid:7286) (cid:7059)म सं. 2 म(cid:7286) मौजूदा मद (i) के (cid:7021) थान पर िन(cid:7013) निलिखत मद को (cid:7079)ित(cid:7021) थािपत (cid:7408)कया जाएगा, अथा(cid:6981)त :- ‘’(i) धारा 46 क(cid:7409) उपधारा (3) और (5) का ि(cid:7367)तीय परंतुक’’ [फा. सं. 450/32/2016-सीमाशु(cid:7016) क (IV)] शैफाली जी. (cid:7410)सह, अवर सिचव (cid:7407)ट(cid:7009)प णी : (cid:7079)धान अिधसूचना सं. 40/2012-सीमा शु(cid:7016) क गै.टे., (cid:7408)दनाकं 2 मई, 2012, भारत के राजप(cid:7074), असाधारण, के भाग II, ख(cid:7003) ड 3, उपख(cid:7003) ड (ii) म(cid:7286) का.आ. सं. 993 (अ), के अंतग(cid:6981)त (cid:7408)दनांक 2 मई, 2012 को (cid:7079)कािशत क(cid:7409) गई थी और इसम(cid:7286), (cid:7408)दनांक 17 फरवरी, 2012 क(cid:7409) का.आ. सं. 419 (अ) के अंतग(cid:6981)त (cid:7079)कािशत (cid:7408)दनांक 17.02.2014 क(cid:7409) अिधसूचना सं. 12/2014-सीमा शु(cid:7016) क (गै.ट.े) के तहत अंितम बार संशोधन (cid:7408)कया गया था। 1859 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF EXCISE AND CUSTOMS] NOTIFICATION New Delhi, the 31st March, 2017 No. 25/2017-Customs (N.T.) S.O. 1038(E).—In exercise of the powers conferred by clause (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 40/2012-Customs (N.T.), dated the 2nd May, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 993 (E), dated the 2nd May, 2012, namely:- In the said notification, in the Table, in column (3) against serial number 2, for the existing item (i), the following item shall be substituted, namely:- “(i) Second proviso to sub-sections (3), and (5) of section 46; and”. [F.No.450/32/2016-Cus IV] SHAIFALI G. SINGH, Under Secy. Note : The principal notification number 40/2012-Customs (N.T.), dated the 2nd May, 2012 was published in the Gazette of India, Extraordinary, Part II, Section3, Sub-section (ii) vide number S.O 993(E), dated the 2nd May, 2012 and was last amended vide notification No. 12/2014-Customs (N.T.) dated 17.2.2014 published vide number S.O 419 (E), dated the 17th February, 2014. 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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