Home India Ministry of Finance In exercise of the powers conferred by clauses b...
Date: 2020-01-15 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by clauses b

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 03/2020-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, and published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection ii, on January 15, 2020, pertains to amendments in customs regulations. Specifically, it amends Notification No. 63/94-Customs (N.T.), dated November 21, 1994, by omitting item (ii) from the first proviso in the opening paragraph of the said notification. This amendment is enacted in exercise of the powers conferred by clauses (b) and (c) of subsection (1) of section 7 of the Customs Act, 1962 (52 of 1962) by the Central Board of Indirect Taxes and Customs. The notification is issued under F. No. 5509/2015-SO LC and signed by Jagvir Singh, Under Secretary. The principal notification was originally published as S.O. 830(E) on November 21, 1994, and last amended by Notification No. 77/2019-Customs (N.T.) [S.O. 3753(E)], dated October 18, 2019.

Key Entities Referenced

Ministry of Finance: The government ministry responsible for financial matters. Department of Revenue: A department under the Ministry of Finance. New Delhi: The location where the notification was issued. Customs Act, 1962: An act of parliament related to customs regulations. Central Board of Indirect Taxes and Customs: The governing body for indirect taxes and customs duties. Customs N.T.: A type of notification related to customs. Jagvir Singh: The Under Secretary who signed the notification. Mayapuri, New Delhi: Location of the Government of India Press.
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