Home India Ministry of Finance In exercise of the powers conferred by sub section 1 of sect...
Date: 2017-05-16 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

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Executive Summary: This document contains two notifications from the Ministry of Finance, Department of Revenue, concerning amendments to prior notifications regarding customs and central excise. The notifications aim to modify specific conditions related to these acts, as published in the Gazette of India. Both notifications are effective as of May 16, 2017. Key Points / Main Content: Customs Amendment (Notification No. 20/2017-Customs): * Amends Notification No. 12/2012-Customs, dated March 17, 2012. * Modifies Condition No. 93 in the ANNEXURE. * Changes clause (ii)(a) by substituting "a term of sixty six months" with "a term of one hundred and twenty six months". * Changes clause (ii) by substituting "within a period of sixty months" with "within a period of one hundred and twenty months". Central Excise Amendment (Notification No. 8/2017-Central Excise): * Amends Notification No. 12/2012-Central Excise, dated March 17, 2012. * Modifies Condition No. 43 in the ANNEXURE. * Changes clause (b)(i) by substituting "a term of sixty six months" with "a term of one hundred and twenty six months". * Changes clause (b) by substituting "within a period of sixty months" with "within a period of one hundred and twenty months". Impact Analysis: Stakeholders Involved in Customs: * Importers and Exporters: * Impact: Changes to the terms and periods specified in Condition No. 93 affect eligibility and compliance related to customs benefits. * Action Required: Review existing and future transactions to ensure compliance with the revised terms and periods (now 126 months and 120 months, respectively). * Customs Authorities: * Impact: Required to implement and enforce the amended conditions, ensuring accurate application of the modified terms. * Action Required: Update internal guidelines and procedures to reflect the changes in Condition No. 93. Stakeholders Involved in Central Excise: * Manufacturers and Producers Subject to Central Excise: * Impact: Changes to the terms and periods specified in Condition No. 43 affect eligibility and compliance related to central excise benefits. * Action Required: Review existing and future transactions to ensure compliance with the revised terms and periods (now 126 months and 120 months, respectively). * Central Excise Authorities: * Impact: Required to implement and enforce the amended conditions, ensuring accurate application of the modified terms. * Action Required: Update internal guidelines and procedures to reflect the changes in Condition No. 43.

Key Entities Referenced

Ministry of Finance: The ministry responsible for financial matters in the Government of India. Department of Revenue: A department under the Ministry of Finance, Government of India, responsible for tax collection and administration. Customs Act, 1962: An Indian law that governs customs duties and procedures. Central Excise Act, 1944: An Indian law related to the levy and collection of central excise duties. New Delhi: The capital city of India and the location of the notifications. Mohit Tewari: Under Secretary in the Government of India, as indicated by the designation Under Secy. 12/2012-Customs: A notification number related to customs, issued in 2012, which is being amended. 12/2012-Central Excise: A notification number related to central excise, issued in 2012, which is being amended.
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REGD. NO. D. L.-33004/99 EXTRAORDINARY II— — (i) PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY 378] No. 378] NEW DELHI, TUESDAY, MAY 16, 2017/VAISAKHA 26, 1939 वित्त‍ ‍ं्त रालय (ररालजस्ि‍‍विाराल )‍‍ अविसचू नराल नई‍दिल्‍यी,‍16‍ंई,‍2017 स.त 20/2017-सींराल‍शल्ु क‍ सराल.कराल.वन‍474(अ).—केन्‍द‍री ‍सरकरालर‍‍सींराल‍शल्ु ‍क‍अविवन ं,‍1962‍(1962‍कराल‍52)‍की‍िरालरराल‍25‍की‍उपिरालरराल‍ (1)‍द्वरालरराल‍प्रित्‍त‍शवतत‍ क‍कराल‍प्र ‍करते‍ए, ,‍ स‍संरालिरालन‍स ‍जरालने‍पर‍दक‍य कवसत‍ंें‍ऐसराल‍करनराल‍आिश्‍ क‍स,,‍ारालरत‍ सरकरालर‍के‍वित्‍त‍ंत्रालय ‍(ररालजस्‍ि‍विाराल )‍की‍अविसूचनराल‍स.त 12/2012‍सींराल‍शल्ु ‍क,‍तरालरी ‍17‍ंरालचच,,‍2012,‍सरालककरालक‍ वनक‍स.त ‍185(अ),‍तरालरी ‍17‍ंरालचच,,‍2012,‍ज ‍ारालरत‍के‍ररालजप्,‍असरालिरालरण,‍ाराल ‍II,‍ तड‍3,‍उप तड‍(i)‍ं‍ें प्रकरालवशत‍ए,ई‍थी,‍ ंें‍वनम्‍नवयव त‍रर‍सतश िन‍करती‍स‍,अथरालच,त : - उतत‍ ‍‍अविसूचनराल‍ं,ें‍अनुबति‍ं,ें‍शीर्च,‍के‍अिीन‍शत‍च, सत.‍93‍ंें‍“शत”च, ‍ तड‍(ii)‍के‍उप डत ‍(क)‍ं‍ें - (i)‍शब्‍िक‍‘’‍छ रालसठ‍ंरालस’’‍के‍स्थ‍ रालन‍पर‍शब्‍ि‍‘’ क‍सौ‍छब्‍बीस‍ंरालस’’‍प्रवतस्‍थरालवपत‍दक ‍जराल त े‍ (ii)‍शब्‍िक‍‘’‍सरालठ‍ंरालस‍की‍अिवि’’‍के‍स्‍थरालन‍पर‍शब्‍ि‍‘’ क‍सौ‍बीस‍ंरालस’’‍प्रवतस्‍थरालवपत‍दक ‍जराल त े‍ [फरालक सतक‍354/94/2011-टीआर ू-परालट-च, I] ं वसत‍वतिरालरी, अिर‍सवचि टटप्प‍ ण ‍ ंूय‍ अविसूचनराल‍ सत.‍ 12/2012-सींराल‍ शुल्‍क,‍ तरालरी ‍ 17‍ ंरालचच,,‍ 2012,‍ सरालककरालकवनक‍ 185(अ),‍ तरालरी 17‍ंरालचच,,‍2012‍द्वरालरराल‍ारालरत‍के‍ररालजप्,‍असरालिरालरण,‍ाराल ‍ ,‍ डत ‍3,‍उप डत ‍(i)‍द्वरालरराल‍प्रकरालवशत‍की‍ ई‍थी‍रर‍ उसंें‍ अतवतं‍ सतश िन‍ ारालरत‍ के‍ ररालजप्,‍ असरालिरालरण,‍ ाराल ‍ ,‍ तड‍ 3,‍ उप तड‍ (i)‍ द्वरालरराल‍ अविसूचनराल सतक‍18/2017-सींराल‍शुल्‍क,‍तरालरी ‍9 ंई,‍2017‍सरालककरालकवनक‍450(अ),‍तरालरी ‍9‍ंई,‍2017‍द्वरालरराल‍दक राल‍ राल‍ थराल‍ 3189 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th May, 2017 No. 20/2017-Customs G.S.R. 474(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated the 17th March,2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R.185(E), dated the 17th March,2012, namely:- In the said notification, in the ANNEXURE, in Condition No.93, under heading “Conditions”, in clause (ii), in sub- clause (a),- (i) for the words “a term of sixty six months”, the words “a term of one hundred and twenty-six months” shall be substituted; and (ii) for the words “within a period of sixty months”, the words “with in a period of one hundred and twenty months” shall be substituted. [F. No.354/94/2011-TRU(Pt.-1)] MOHIT TEWARI, Under Secy. Note : The principal notification No. 12/2012-Customs, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide, number G.S.R. 185(E), dated the 17th March, 2012 and last amended by notification No. 18/2017- Customs, dated the 9th May, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide, number G.S.R 450(E), dated the 9th May, 2017. अविसचू नराल नई‍दिल्‍यी,‍16‍ंई,‍2017 स.त ‍8/2017-केन्‍द‍री ‍उत्प‍ रालि‍शुल्क‍ सराल.कराल.वन‍. 475(अ).—‍केन्‍द‍री ‍सरकरालर,‍‍केन्‍द‍री ‍उत्‍परालि‍शुल्‍क‍अविवन ं,‍1944‍(1944‍कराल‍1)‍की‍िरालरराल‍ 5क‍की‍उपिरालरराल‍(1)‍द्वरालरराल‍प्रित्त‍ ‍शवतत‍ क‍कराल‍प्र ‍करते‍ए, ,‍ स‍संरालिरालन‍स ‍जरालने‍पर‍दक‍य कवसत‍ंें‍ऐसराल‍ करनराल‍आिश्‍ क‍स,, ‍ारालरत‍सरकरालर‍के‍वित्‍त‍ंत्रालय ‍(ररालजस्ि‍ ‍विाराल )‍की‍अविसूचनराल‍सत0‍12/2012-‍केन्‍द‍री ‍ उत्‍परालि‍शुल्‍क,‍तरालरी ‍17‍ंरालचच,,‍2012‍ंें,‍ज ‍ारालरत‍के‍ररालजप्,‍असरालिरालरण,‍ाराल ‍ ,‍ तड-3,‍उप तड‍(i)‍ंें‍ सरालककरालकवनक‍163‍(अ)‍तरालरी ‍17‍ंरालचच,,‍2012‍द्वरालरराल‍प्रकरालवशत‍की‍ ई‍थी,‍वनम्न‍ वयव त‍रर‍सतश िन‍करती‍स,, ‍ अथरालच,त:- उत‍त‍अविसूचनराल‍ंें,‍अनुबति‍ंें,‍शीर्च,‍के‍अिीन‍शतच,‍स.त ‍43‍ंें‍“शतच,”‍ तड‍( )‍ंें‍ - (i)‍शब्‍िक‍‘’‍छ रालसठ‍ंरालस’’‍के‍स्‍थरालन‍पर‍शब्ि‍ ‍‘’ क‍सौ‍छब्ब‍ ीस‍ंरालस’’‍प्रवतस्थ‍ रालवपत‍दक ‍जराल त े‍ (ii)‍शब्‍िक‍‘’‍सरालठ‍ंरालस‍की‍अिवि’’‍के‍स्‍थरालन‍पर‍शब्ि‍ ‍‘’ क‍सौ‍बीस‍ंरालस’’‍प्रवतस्थ‍ रालवपत‍दक ‍जराल त े‍ [फरालक सतक‍354/94/2011-टीआर ू-परालट-च, I] ं वसत‍वतिरालरी, अिर‍सवचि टटप्‍पण ‍ंूय‍अविसूचनराल‍सत.‍12/2012-केन्‍द‍री ‍उत्‍परालि‍शुल्‍क,‍तरालरी ‍17‍ंरालचच,,‍2012,‍सरालककरालकवनक‍163(अ),‍ तरालरी ‍17‍ंरालचच,,‍2012‍ारालरत‍के‍ररालजप्,‍असरालिरालरण,‍ाराल ‍- ,‍ तड-3,‍उप तड‍(i) ंें,‍प्रकरालवशत‍की‍ ई‍ थी‍रर‍सरालककरालकवनक‍95(अ),‍तरालरी ‍2‍फरिरी,‍2017‍उसंें‍अतवतं‍सतश िन‍अविसूचनराल‍सतक‍07/2017-‍ केन्‍द‍री ‍उत्‍परालि‍शुल्‍क,‍तरालरी ‍2‍फरिरी,‍2017‍के‍द्वरालरराल‍दक राल‍ राल‍थरालII (i) 3 NOTIFICATION New Delhi, the 16th May, 2017 No. 8/2017-Central Excise G.S.R. 475(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 163(E), dated the 17th March, 2012, namely:- In the said notification, in the ANNEXURE, in Condition No.43, under heading “Conditions”, in clause (b),- (i) for the words “a term of sixty six months”, the words “a term of one hundred and twenty-six months” shall be substituted; and (ii) for the words “within a period of sixty months”, the words “with in a period of one hundred and twenty months” shall be substituted. [F. No. 354/94/2011-TRU(Pt.-1)] MOHIT TEWARI, Under Secy. Note : The principal notification No. 12/2012-Central Excise, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide, number G.S.R. 163(E), dated the 17th March, 2012 and last amended by notification No. 07/2017- Central Excise, dated the 2nd February, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide, number G.S.R 95(E), dated the 2nd February, 2017. 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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