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Date: 19-Jul-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section (1) of section 51B of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary and expedient to do so, hereby makes the following amendments

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This is a notification from the Ministry of Finance (Department of Revenue), Central Board of Indirect Taxes and Customs (CBIC), amending a previous notification regarding customs duties.
  • Specifically, it amends notification number 24/2023-Customs (N.T.), dated April 1, 2023, which itself was previously amended by notification number 20/2024-Customs (N.T.), dated March 11, 2024.
  • The amendment pertains to the rules surrounding the submission of shipping bills or bills of export for goods manufactured or exported by Export Oriented Units (EOUs) or units in Special Economic Zones (SEZs).

Key Changes

  • Amendment to notification number 24/2023-Customs (N.T.):
  • Clause 2, sub-clause (1), item (b) is amended to include 'or unit in Special Economic Zone' after 'Export Oriented Unit'. This expands the scope of the notification to include SEZs.
  • A new proviso is added after clause 2, sub-clause (1), item (d). This proviso mandates that shipping bills or bills of export for goods manufactured or exported by an SEZ unit must be presented on or after July 1, 2024.

Impact Analysis

Impact on Businesses

  • Action Item: Businesses in SEZs should review their export processes and update their systems to meet the new July 1, 2024 deadline.

Impact on Customs Authorities

  • Action Item: Customs authorities should provide clear guidance and support to businesses to ensure smooth implementation of the new rules.

Impact on Government Revenue

  • It is possible that the change could lead to improved monitoring and collection of customs duties.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification. Central Board of Indirect Taxes and Customs (CBIC): The agency responsible for implementing the notification. Customs Act, 1962 (52 of 1962): The legal framework under which the notification is issued. Notification No. 24/2023-Customs (N.T.), dated April 1, 2023: The principal notification being amended. Notification No. 20/2024-Customs (N.T.), dated March 11, 2024: A previous amendment to the principal notification. Export Oriented Units (EOUs): A type of business unit covered by the notification. Special Economic Zones (SEZs): A type of business unit now included in the scope of the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-19072024-255581 CG-DxLx-xEG-I1D9H0x7x2x0 24-255581 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 389] नई दिल्ली, िुक्रिार, िुलाई 19, 2024/आषाढ 28, 1946 No. 389] NEW DELHI, FRIDAY, JULY 19, 2024/ASHADHA 28, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर और सीमा िल्ु क बोडड) अजधसचू ना नई दिल्ली, 19 िुलाई, 2024 स.ं 50/2024 -सीमा िल्ु क (ग.ैटे.) सा.का.जन. 426(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 51ख की उप-धारा (1) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केंद्र सरकार, संतष्टु होन े पर दक ऐसा करना आिश्यक ह,ै इसके द्वारा जित्त मंत्रालय (रािस्ट्ि जिभाग) की दिनांक 01 अप्रैल, 2023 की अजधसूचना संख्या 24/2023-सीमा िुल्क (ग.ैटे.) जिस े भारत के रािपत्र म ें असाधारण, भाग II, खडं 3, उप- खंड (i) म ें दिनांक 01 अप्रैल 2023 के सा.का.जन. 261(अ) के माध्यम स े प्रकाजित दकया गया था, म ेंजनम्नजलजखत संिोधन करती ह,ै यथााः- उि अजधसूचना के खंड 2 म ें उप-खंड (1) म,ें- (i) मि (ख) म ें “जनयाडत ओररएन्टेड यूजनट” िब्िों के पश्चात ् “या जििेष आर्थडक क्षेत्र की इकाई” िब्ि अंत:स्ट्थाजपत दकए िाएगं ।े 4422 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ii) मि (घ) के पश्चात् जनम्नजलजखत परंतुक अंत:स्ट्थाजपत दकया िाएगा, यथा:- “बित े दक जििेष आर्थडक क्षेत्र की एक इकाई द्वारा जनर्मडत अथिा जनयाडत दकय े गय े माल के जिपपंग जबल या जनयाडत के जबल 1 िलु ाई, 2024 या उसके बाि प्रस्ट्तुत दकये िाएँगे।”। [फा. स.ं सीबीआईसी-140605/14/2021-का.जनिे.(प्रजतअिायगी)सीबीईसी] कजपल प्रिापजत, अिर सजचि रटप्पण : मलू अजधसूचना सख्ं या 24/2023-सीमा िल्ु क (ग.ै ट.े ), दिनांक 1 अप्रलै , 2023 जिसे भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप- खंड (i) म ें सा.का.जन. 261(अ), दिनांक 1 अप्रैल, 2023 के माध्यम स े प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 20/2024-सीमा िुल्क (गै.ट.े ), दिनांक 11 माच,ड 2024, जिस े सा.का.जन. 173(अ), दिनांक 11 माच,ड 2024 के तहत भारत के रािपत्र, असाधारण, भाग II, खडं 3, उप-खंड (i) म ें प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया था। MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 19th July, 2024 No. 50/2024 –Customs (N.T.) G.S.R. 426(E).—In exercise of the powers conferred by sub-section (1) of section 51B of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary and expedient to do so, hereby makes the following amendments further to amend the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 24/2023- Customs (N.T.), dated the 1st April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 261(E), dated the 1st April 2023, namely:- In the said notification, in clause 2, in sub-clause (1), - (i) in item (b), after the words “Export Oriented Unit”, the words “or unit in Special Economic Zone” shall be inserted. (ii) after item (d), the following proviso shall be inserted, namely: - “Provided that in case of export of goods manufactured by or exported by a unit in Special Economic Zone, the shipping bill or bill of export shall be presented on or after 1st day of July, 2024.”. F. No. CBIC-140605/14/2021-O/o Dir (Drawback)-CBEC] KAPIL PRAJAPATI , Under Secy. Note: The principal notification No. 24/2023-Customs (N.T.), dated the 1st April, 2023 was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 261(E), dated the 1st April, 2023 and last amended vide notification No. 20/2024-Customs (N.T.), dated the 11th March, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 173 (E), dated the 11th March, 2024. 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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