In the Notification of the Government of India in the Ministry of Finance Department of Revenue

## Policy Analysis Report: Corrigendum to Customs Notification No. 39/2021-Customs (N.T.) **1. Executive Summary:** This report analyzes a corrigendum issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, specifically addressing Notification No. 39/2021-Customs (N.T.) dated March 31, 2021. The corrigendum modifies a date within regulation 15, subregulation 2 of the said notification, extending the applicability of a specific provision from March 31, 2021, to April 15, 2021. This report details the specific changes, their likely rationale, affected stakeholders, and expected impact. **2. Introduction:** The purpose of this report is to provide a comprehensive analysis of the corrigendum published in the Gazette of India, Extraordinary, Part II, Section 3, subsection i, vide G.S.R. 244(E) dated April 1, 2021. This corrigendum pertains to Notification No. 39/2021-Customs (N.T.) and this report analyzes the changes based solely on the provided text. **3. Policy Overview:** * **Amendment:** This document is a *corrigendum*, meaning it is an amendment to an existing policy: Notification No. 39/2021-Customs (N.T.) dated March 31, 2021. * **Core Objective(s):** While the full scope of the original Notification No. 39/2021-Customs (N.T.) is not available from the provided text, the *corrigendum* suggests it relates to regulations under the purview of the Central Board of Indirect Taxes and Customs. The objective of *this amendment* is to adjust the effective period of a provision within regulation 15(2). **4. Background and Rationale:** The amendment is likely intended to correct or extend the duration of a specific allowance, exemption, or procedure stipulated in the original notification's regulation 15(2). The initial date of March 31, 2021, was likely found to be insufficient, impractical, or in need of alignment with other related regulations or operational timelines. The change suggests a need for a short-term extension, pushing the deadline to April 15, 2021. **5. Key Provisions / Changes:** This document *amends* regulation 15, sub-regulation 2 of Notification No. 39/2021-Customs (N.T.). * **Specific Part Changed:** Regulation 15, sub-regulation 2. * **New Rule/Provision:** The corrigendum substitutes the phrase "till 31st March, 2021" with "till 15th April, 2021". * **Effect of Change:** This amendment extends the validity or applicability of a particular rule, regulation, or exemption provided by regulation 15(2) by an additional fifteen days, from March 31, 2021, to April 15, 2021. **6. Target Audience and Stakeholders:** Based on the document, the target audience includes: * Importers and Exporters dealing with customs regulations * Customs brokers and agents * Businesses involved in international trade subject to the regulations outlined in Notification No. 39/2021-Customs (N.T.) **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible agency. * **Timelines:** The key timeline affected is the extension from March 31, 2021, to April 15, 2021, for whatever provision is governed by Regulation 15(2) of the original notification. * This change requires immediate implementation by customs officials and relevant stakeholders. All affected parties must adjust their procedures to account for the extended deadline. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this change is to provide additional time for stakeholders to comply with the requirements of regulation 15(2) of the original notification. This may be due to unforeseen delays, administrative adjustments, or a need to align with evolving circumstances. This amendment prevents disruption for any customs-related activities covered by the original regulation. **9. Conclusion:** The corrigendum to Notification No. 39/2021-Customs (N.T.) represents a minor but potentially significant adjustment to the effective period of a provision within regulation 15(2). By extending the deadline from March 31, 2021, to April 15, 2021, the CBIC aims to provide stakeholders with sufficient time to comply with the requirements of the regulation. This amendment highlights the importance of flexibility in implementing customs regulations to address unforeseen circumstances.

Key Entities Referenced