**Policy Summary:**
This notification, No. 24/2018-Customs, issued by the Ministry of Finance, Department of Revenue, on February 6, 2018, introduces amendments to Notification No. 50/2017-Customs, dated June 30, 2017 (G.S.R. 785E). 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 subsection (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975).
The key changes include the omission of S.No. 84, 85, 86, 87 and 88 along with related entries in the Table of the original notification. Additionally, condition numbers 4, 5, 6 and 7 are omitted from the ANNEXURE of the principal notification.
The principal notification No. 50/2017-Customs, was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide notification No. 6/2018-Customs, dated the 2nd February, 2018, published vide number G.S.R. 109(E), dated the 2nd February, 2018.
The notification is issued under F. No. 354/782/2009-TRU (Pt.) and signed by Mohit Tewari, Under Secretary.
Key Entities Referenced
Mohit Tewari: Under Secretary
Ministry of Finance: A department of the Government of India responsible for financial matters.
Department of Revenue: A department within the Ministry of Finance responsible for revenue collection and tax administration.
Customs Act, 1962: An act of the Parliament of India to consolidate and amend the law relating to customs.
Customs Tariff Act, 1975: An act of the Parliament of India to provide for the imposition of a tariff on goods imported into India and for related matters.
Central Government: The executive authority of the Union of India.
New Delhi: The capital of India.
G.S.R. 146E: A notification number related to customs regulations.
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मोिहत ितवारी, अवर सिचव
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MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 6th February, 2018
No. 24/2018-Customs
G.S.R. 146(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962
(52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of
the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th
June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.
785(E), dated the 30th June, 2017, namely:-
In the said notification,
(A) in the Table,-
(i) S.No. 84 and the entries relating thereto shall be omitted;
(ii) S.No. 85 and the entries relating thereto shall be omitted;
(iii) S.No. 86 and the entries relating thereto shall be omitted;
(iv) S.No. 87 and the entries relating thereto shall be omitted;
(v) S.No. 88 and the entries relating thereto shall be omitted;
(B) in the ANNEXURE, condition numbers 4, 5, 6 and 7 shall be omitted.
[F. No. 354/78/2009-TRU (Pt.)]
MOHIT TEWARI, Under Secy.
Note:— The principal notification No. 50/2017-Customs, dated the 30th June, 2017 was published in the Gazette of
India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017
and last amended vide notification No. 6/2018-Customs, dated the 2nd, February 2018, published vide number
G.S.R. 109 (E), dated the 2nd, February 2018.
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