Home India Ministry of Finance In exercise of the powers conferred by sub section 1 of sect...
Date: 2018-09-18 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of section 25 of the Customs Act 1962

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary** This notification, No. 63/2018-Customs, issued by the Ministry of Finance, Department of Revenue, and dated September 18, 2018, introduces amendments to Notification No. 24/2015-Customs, dated April 8, 2015. The amendments are made in exercise of the powers conferred by subsection (1) of section 25 of the Customs Act, 1962 (52 of 1962) and are deemed necessary in the public interest. The key changes are: * In paragraph 2 of the original notification, within condition 1, clause (b) is substituted to refer to exports of goods or products made in terms of provisions of para 3.05 of Foreign Trade Policy 2015-2020. * In condition 3, the second proviso is amended to broaden the allowed modes of export. The phrase "through the courier mode from airports at Chennai, Mumbai or Delhi or through the Foreign Post offices at Chennai, Mumbai or New Delhi" is replaced with "through international courier terminals or through such foreign post offices, as notified by the Central Government". The notification is identified by F.No. 605/24/2018-DBK and is issued under the authority of Dharmvir Sharma, Under Secretary. The principal notification No. 24/2015-Customs, dated April 8th, 2015 was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection i vide number G.S.R. 269(E), dated the 8th April, 2015 and was last amended vide notification No. 26/2017-Customs, dated the 29th June, 2017, published vide number G.S.R. 727 (E), dated the 29th June, 2017.

Key Entities Referenced

Customs Act, 1962: An act of the parliament of India to consolidate and amend the law relating to customs Central Government: The executive authority of the Union of India. Foreign Trade Policy 2015-2020: A policy document by the Government of India related to import and export. Chennai, Tamil Nadu: A metropolitan city in the state of Tamil Nadu, India. Mentioned in the context of courier services. Mumbai, Maharashtra: A metropolitan city in the state of Maharashtra, India. Mentioned in the context of courier services. Delhi, Delhi: A metropolitan city and union territory in India. Mentioned in the context of courier services. Ministry of Finance: A ministry in the Government of India responsible for financial matters. Department of Revenue: A department under the Ministry of Finance, Government of India.
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