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Date: 30-Jun-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub section (3) of section 98 and sub section (2) of section 158 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The amendment extends a deadline and reduces a monetary threshold.
  • This gazette notification announces the Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2024, amending the Sea Cargo Manifest and Transhipment Regulations, 2018.

Key Changes

  • The deadline for something (unclear from the provided text, but related to regulation 15) is extended from June 30, 2024, to August 31, 2024.
  • In Form XI, the monetary limit of 'Rs. ten lakhs' (Rs. 1,000,000) is reduced to 'Rs. five lakhs' (Rs. 500,000) in all its occurrences.

Impact Analysis

Impact on Businesses

  • Action Item: Businesses should review Form XI and adjust their processes accordingly to reflect the new monetary threshold.

Impact on Government

  • Action Item: The government should monitor the impact of the changes on compliance and revenue collection.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification. Central Board of Indirect Taxes and Customs (CBIC): The body responsible for implementing the regulations. Sea Cargo Manifest and Transhipment Regulations, 2018: The principal regulations being amended. Customs Act, 1962: The legal framework under which the regulations are issued (Sections 30, 30A, 41, 41A, 53, 54, 56, 98(3), and 157, 158(2) are referenced). Form XI: A form within the Sea Cargo Manifest and Transhipment Regulations, 2018, affected by the amendment. Notification No. 26/2024-Customs (N.T), dated March 28, 2024: Previous amendment to the Sea Cargo Manifest and Transhipment Regulations, 2018.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30062024-255041 CG-DxLx-xEG-I3D0H0x6x2x0 24-255041 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.ं 333] नई दिल्ली, रजििार, िनू 30, 2024/आर्ाढ 9, 1946 No. 333] NEW DELHI, SUNDAY, JUNE 30, 2024/ASHADHA 9, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्द्रीय अप्रत्यक्ष कर एि ंसीमािल्ु क बोडड) अजधसचू ना नई दिल्ली, 30 िून, 2024 स.ं 47/2024- सीमािल्ु क (ग.ैटै.) सा.का.जन. 356(अ).⎯सीमािल्ु क अजधजनयम, 1962 (1962 का 52) की धारा 30, 30क, 41, 41क, 53, 54, 56, धारा 98 की उपधारा (3) और धारा 158 की उपधारा (2) के साथ पठित धारा 157 के तहत प्रित्त िजियों का प्रयोग करते हुये, केन्द्रीय अप्रत्यक्ष कर एिं सीमािुल्क बोडड, एतिद्वारा, सी कागो मेजनफेस्ट्ट एडं राजं िपमेंट रेगुलिे न्द्स, 2018 म ें और आगे भी सिं ोधन करन े के जलए जनम्नजलजखत जिजनयम बनाता है, यथा: - संजक्षप्त िीर्डक और प्रारम्भ - (1) इन जिजनयमों को सी कागो मेजनफेस्ट्ट एंड रांजिपमेंट (दसू रा संिोधन) रेगलु ेिन्द्स, 2024 कहा िाएगा। (2) य ेसरकारी रािपत्र में अपने प्रकािन की तारीख से लागू होंगे। 2. उि जिजनयमों म,ें जिजनयम 15 म;ें (क) उपजिजनयम (2) म,ें िब्ि, अंक और अक्षर ”30 जून 2024 तक” के स्ट्थान पर िब्ि, अंक और अक्षर ”31 अगस्त 2024 तक” को प्रजतस्ट्थाजपत दकया िाएगा। 3. उक्त विवनयमों म,ें फॉम म XI म,ें 3852 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] क) िब्िों, अंकों और अक्षरों के जलए, “रु. िस लाख'', िब्ि, अंक और अक्षर िहां भी आते ह,ैं ''रुपये।'' पांच लाख" प्रजतस्ट्थाजपत दकया िाएगा। (ख) िब्िों, अंकों और अक्षरों के जलए, “रु. 10,00,000/- (िस लाख रुपये)'', िहां भी िब्ि, अंक और अक्षर आते ह,ैं ''रु.'' 5,00,000/- (पांच लाख रुपये)" प्रजतस्ट्थाजपत दकया िाएगा। (ग) िब्िों, अंकों और अक्षरों के जलए, “रु. िस लाख'' िब्ि, अंक और अक्षर िहां कहीं भी हों, ''रुपय'े'। पांच लाख" प्रजतस्ट्थाजपत दकया िाएगा। [फा. स. 450/58/2015- सीमािुल्क IV (पाटड.I)] धनंिय ससंह, अिर सजचि ठटप्पणी: इस प्रधान जिजनयमािली को सा.का.जन. 448(अ), दिनांक 11 मई, 2018 के तहत भारत के रािपत्र, असाधारण के भाग II, खडं (3), उपखडं (i) में प्रकाजित दकया गया था और इसमे अंजतम बार अजधसूचना संख्या 26/2024 - सीमािुल्क (ग.ै टै.), दिनांक 28 मार्,म 2024, सा.का. जन. 235(अ), दिनांक 28 मार्,म 2024 के तहत, के द्वारा संिोधन दकया गया था। MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th June, 2024 No. 47/2024-Customs (N.T.) G.S.R. 356(E).—In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations further to amend the Sea Cargo Manifest and Transhipment Regulations, 2018, namely: - 1. Short title and commencement - (1) These regulations may be called the Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the said regulations, in regulation 15,- a. In sub-regulation (2), for the words, figures and letters, “till 30th June 2024”, the words, figures and letters, “till 31st August 2024” shall be substituted. 3. In the said regulations, in Form XI, a. for the words, figures and letters, “Rs. ten lakhs”, wherever they occur, the words, figures and letters, “Rs. five lakhs” shall be substituted. b. for the words, figures and letters, “Rs. 10,00,000/- (Rupees ten lakhs)”, wherever they occur, the words, figures and letters, “Rs. 5,00,000/- (Rupees five lakhs)” shall be substituted. c. for the words, figures and letters, “Rs. Ten lakhs”, wherever they occur, the words, figures and letters, “Rs. five lakhs” shall be substituted. [F. No. 450/58/2015- Cus IV(Pt.I)] DHANANJAY SINGH, Under Secy. Note: The principal regulations were published in the Gazette of India, Extraordinary, Part II, Section 3 Sub-section (i) vide number G.S.R. 448(E), dated the 11th May, 2018 and were last amended vide notification No. 26/2024- Customs (N.T) dated the 28th March 2024, vide number G.S.R. 235(E), dated the 28th March 2024 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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