Home India Ministry of Finance In exercise of the powers conferred by sub section 1 of sect...
Date: 2018-05-23 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of section 25 of the Customs

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 46/2018-Customs, issued by the Ministry of Finance, Department of Revenue, and published in the Gazette of India as G.S.R. 476(E) on May 23, 2018, introduces amendments to Notification No. 50/2017-Customs, dated June 30, 2017. These amendments, enacted under the authority of Section 25(1) of the Customs Act, 1962, and Section 3(12) of the Customs Tariff Act, 1975, remove serial numbers 25 and 102 from the table within the original notification. Additionally, the entry in column 4 against serial number 37 is substituted with "30". The amendments are deemed necessary in the public interest. The responsible officer is Mohit Tewari, Under Secretary, and the file number is F. No. 354/68/2006-TRU. The principal notification was published as G.S.R. 785(E), dated June 30, 2017, and last amended by Notification No. 44/2018-Customs, dated April 10, 2018, published as G.S.R. 358(E).

Key Entities Referenced

Customs Act, 1962: A legislative act related to customs duties and regulations, referenced in the context of exercising conferred powers. Customs Tariff Act, 1975: A legislative act related to customs tariffs, referenced in the context of exercising conferred powers. Central Government: The governing body authorized to make amendments to notifications in the public interest. Ministry of Finance: The government ministry under which the Department of Revenue operates. Department of Revenue: The department within the Ministry of Finance responsible for revenue collection and regulation. G.S.R. 476E: A notification number related to customs, indicating a specific government notification. No. 502017Customs: A specific notification related to customs, dated 30th June 2017, which is being amended. Mohit Tewari: The Under Secretary who signed the notification.
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