Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2018-05-25 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 2 of section 75 of the Customs Act 1962

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 46/2018-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue on May 25, 2018, amends Notification No. 89/2017-Customs (N.T.), dated September 21, 2017. The amendment, authorized by subsection (2) of section 75 of the Customs Act, 1962, subsection (2) of section 37 of the Central Excise Act, 1944, and rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017, revises the drawback rates in the Schedule, Chapter 71, by substituting "2851" for "3513.8" in column 4 against tariff items 711302 and 711401. The notification is published under G.S.R. 491(E). Contact person: Anand Kumar Jha, Under Secretary, F. No. 609/36/2018-DBK.

Key Entities Referenced

Ministry of Finance: The ministry responsible for financial matters in the Government of India. Department of Revenue: A department within the Ministry of Finance. New Delhi: The location where the notification was issued. Customs Act, 1962: An act of the parliament of India to consolidate and amend the law relating to customs. Central Excise Act, 1944: An act to consolidate and amend the law relating to central duties of excise. Customs and Central Excise Duties Drawback Rules, 2017: Rules pertaining to drawback of customs and central excise duties. G.S.R. 1178 E: A notification number related to customs. Anand Kumar Jha: Under Secretary in the government, signing the notification.
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