Home India Ministry of Finance In exercise of the powers conferred by sub section 1 of sect...
Date: 2018-08-21 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of section 4 of the Customs Act, 1962

Issued by Ministry of Finance · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, No. 75/2018-Customs (N.T.), issued by the Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, amends Notification No. 82/2017-Customs (N.T.) dated August 24, 2017 (G.S.R. 1064(E)). The amendment, authorized under subsection (1) of section 4 of the Customs Act, 1962, concerns the specification of customs terminals. Specifically, it inserts "The Karanja Terminal in Uran Taluka, Raigad District of Maharastra" as item (iii) after item (ii) against serial number 7 in Table 2 of the principal notification. Additionally, against serial number 9, in item (i), after the word "Raigad", the words "(excluding Karanja Terminal in Uran Taluka)" shall be inserted. The notification is dated August 21, 2018, and is identified by F.No. 434/2/2017-Cus.IV. Zubair Riaz, Director (Customs), is listed as the contact person. The original notification No. 82/2017-Customs (N.T.) was published under G.S.R. 1064(E), dated August 24, 2017, and last amended by Notification No. 23/2018-Customs (N.T.) G.S.R. 293(E), dated March 28, 2018.

Key Entities Referenced

Customs Act, 1962: A law providing the framework for customs duties and regulations in India, referenced as the source of power for the notification. Central Board of Indirect Taxes and Customs: The organization responsible for making amendments to notifications related to customs, under the Department of Revenue, Ministry of Finance. Ministry of Finance: The ministry under which the Department of Revenue and the Central Board of Indirect Taxes and Customs operate. Department of Revenue: A department within the Ministry of Finance responsible for revenue collection and tax administration. New Delhi: The location where the notification was issued. Karanja Terminal: A terminal located in Uran Taluka, Raigad District of Maharashtra, specifically mentioned in the notification regarding amendments. Uran Taluka: A taluka (administrative division) in Raigad District of Maharashtra, where the Karanja Terminal is located. Raigad District of Maharastra: A district in Maharashtra where Karanja Terminal is located.
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