Home India Ministry of Finance In exercise of the powers conferred by sub section 1 of sect...
Date: 2018-01-05 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

This notification, No. 01/2018-Customs, issued by the Ministry of Finance, Department of Revenue, amends notification No. 82/2017-Customs, dated October 27, 2017. The amendment pertains to S. No. 157, specifically modifying the entry in column 4 to read "20% or Rs. 100 per kg., whichever is higher." This change is made under the authority of subsection (1) of section 25 of the Customs Act, 1962, and is deemed necessary in the public interest by the Central Government. The notification is dated January 5, 2018, and was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i). The F. No. is 354/123/2017-TRU. Gunjan Kumar Verma, Under Secretary, is listed.

Key Entities Referenced

Customs Act, 1962: A legislative act related to customs regulations in India. Ministry of Finance: The government ministry responsible for financial matters. Department of Revenue: A department within the Ministry of Finance. New Delhi: The location where the notification was issued. G.S.R. 14E: A government notification number. 822017Customs: Notification number of the Government of India in the Ministry of Finance Department of Revenue G.S.R. 1341E: A government notification number. GUNJAN KUMAR VERMA: Under Secretary who signed the notification.
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