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Date: 2015-12-29 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub-section 6 of section 8C of the Customs Tariff Act, 1975 51 of 1975, the Central Government hereby rescinds the Customs Tariff

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, No. 149/2015-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, Central Board of Excise and Customs, rescinds the Customs Tariff Transitional Product Specific Safeguard Duty Rules, 2002. The rescission is enacted under the authority of subsection (6) of section 8C of the Customs Tariff Act, 1975 (51 of 1975). The original rules were published via Notification No. 34/2002-N.T.-CUSTOMS, dated the 11th June, 2002, in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 420(E), dated the 11th June, 2002. The rescission is effective from December 29, 2015, but does not affect actions taken or omitted before this date. The notification is identified by F. No. 21000/57/2015-OSD(ICD) and is issued by Satyajit Mohanty, Director (ICD).

Key Entities Referenced

Customs Tariff Act, 1975: An act of the Indian Parliament concerning customs tariffs. Specifically, section 8C and subsection 6 are mentioned. Central Government: The executive authority in India, which is issuing the notification. Customs Tariff Transitional Product Specific Safeguard Duty Rules, 2002: A set of rules pertaining to safeguard duties, which is being rescinded by this notification. MINISTRY OF FINANCE: A department of the Indian Government responsible for financial matters and revenue. Department of Revenue: A department within the Ministry of Finance. CENTRAL BOARD OF EXCISE AND CUSTOMS: An organization responsible for excise and customs duties, under the Department of Revenue. Satyajit Mohanty: Director ICD, name of the signing authority for the notification. New Delhi: The location where the notification was issued; also the location of Government of India Press. New Delhi, Delhi
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