Home India Ministry of Finance Notification 55 of 2023...
Date: 14-Sep-2023 Category: Extra Ordinary State: Union Government Country: India

Notification 55 of 2023

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 55/2023-Customs, dated September 14, 2023, issued by the Ministry of Finance, Department of Revenue, amends Notification No. 11/2022-Customs and Notification No. 12/2022-Customs, both dated February 1, 2022, related to customs duties.
  • These amendments are made under the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, and are deemed necessary in the public interest.

Key Changes

  • Notification No. 11/2022-Customs is amended as follows:
  • In the table, against serial number 9, in column (2), the entry '8544' is substituted with '85'.
  • In column (3), in the Explanation, the phrase 'or wireless charging cable containing static converter and coil' is inserted after the word 'connector'.
  • Notification No. 12/2022-Customs is amended as follows:
  • In the table, against S. No. 7, in column (2), the entry is substituted with '39, 40, 42, 73, 74, 85'.

Impact Analysis

Importers/Manufacturers

  • Action Item: Review current import classifications and duty structures to align with the updated notifications. Engage with customs brokers and consultants to ensure compliance.

Consumers

  • Action Item: Monitor price trends of imported goods to understand the impact of the revised customs duties.

Government Revenue

  • Action Item: Track revenue impact of the notification to assess its effectiveness.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority for the notification, responsible for fiscal policy, taxation, and customs. Central Government: The ultimate decision-making body that approves the amendments to the customs notifications. Customs Act, 1962: The primary legislation governing customs duties and procedures in India. Section 25 empowers the government to grant exemptions from customs duties. Notification No. 11/2022-Customs, dated 1st February, 2022: The original notification being amended, related to customs duties on specific goods. Notification No. 12/2022-Customs, dated 1st February, 2022: The original notification being amended, related to customs duties on specific goods. Notification No. 33/2023-Customs, dated 27th April, 2023: Previous amendment to the principal notifications.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-14092023-248742 xxxGIDHxxx CG-DL-E-14092023-248742 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.ं 529] नई दिल्ली, बृहस्ट्प जतिार, जसतम्ब र 14, 2023/भार 23, 1945 No. 529] NEW DELHI, THURSDAY, SEPTEMBER 14, 2023/BHADRA 23, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 14 जसतम् बर, 2023 सख्ं य ा 55/2023-सीमािल्ु क सा.का.जन. 670(अ).—सीमािुल्क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप धारा (1) के तहत प्रित्त िजियों का प्रयोग करत े हुए, केन्‍द र सरकार, इस बात स े संतुष्ट होते हुए दक ऐसा करना िनजहत म ें आिश्यक ह,ै एतद्द्वारा, नीच े िी गई सारणी के कॉलम (2) म ें जिजनर्िष्ि ट जित् त मंत्रालय (रािस्ट् ि जिभाग) की जनम्न जलजखत अजधसूचनाओं में उक्त सारणी के कॉलम (3) म ें िी गई तत्स ंबंधी प्रजिजि म ें जिजनर्िष्ि ट सीमा तक संिोधन करती ह,ै यथा:- क्र.स.ं अजधसचू ना सख्ं य ा तथा तारीख सिं ोधन (1) (2) (3) 1. सा.का.जन. 85(अ), दिनांक 01 फरिरी, 2022 के इस अजधसूचना की ताजलका म ेंक्रम स.ं 9 के समक्ष तहत अजधसूचना स.ं 11/2022-सीमा िुल्क, (i) कॉलम (2) म ें प्रजिजि “8544” के स्ट्थान पर प्रजिजि दिनांक 01 फरिरी, 2022 जिसे भारत के रािपत्र, “85” को प्रजतस्ट्थाजपत दकया िाएगा; असाधारण, भाग II, खंड 3, उप-खंड (i) म ें (ii) कॉलम (3) म,ें स्ट्पिीकरण म ें “संयोजित्र” िब्ि के प्रकाजित दकया गया था। पश्चात् “अथिा िायरलेस चार्ििंग केबल जिसम ें 5884 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] स्ट्टेटटक कन्‍दिटिर और क्वाइल मौिूि हों” िब्ि अंतःस्ट्थाजपत दकए िाएगं ।े 2. सा.का.जन. 86(अ), दिनांक 01 फरिरी, 2022 के इस अजधसूचना म,ें ताजलका म ें क्रम स.ं 7 के समक्ष, कॉलम तहत अजधसूचना स.ं 12/2022-सीमा िुल्क, (2) म ें प्रजिजि के स्ट्थान पर प्रजिजि “39, 40, 42, 73, 74, दिनांक 01 फरिरी, 2022 जिसे भारत के रािपत्र, 85” को प्रजतस्ट्थाजपत दकया िाएगा। असाधारण, के भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था। [फा. स.ं 190354/300/2021-टीआरय]ू जिक्रम िानेरे, अिर सजचि टटप्पण:- 1. मूल अजधसूचना संख् या 11/2022-सीमा िुल् क, दिनांक 01 फरिरी, 2022, को सा.का.जन. 85(अ), दिनांक 01 फरिरी, 2022 के तहत भारत के रािपत्र, असाधारण के भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख् या 33/2023-सीमा िुल्क, दिनांक 27 अप्रैल, 2023 जिसे सा.का.जन. 319(अ), दिनांक 27 अप्रैल, 2023 के तहत भारत के रािपत्र, असाधारण, के भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया था। 2. मूल अजधसूचना संख् या 12/2022-सीमा िुल् क, दिनांक 01 फरिरी, 2022, को सा.का.जन. 86(अ), दिनांक 01 फरिरी, 2022 के तहत भारत के रािपत्र, असाधारण के भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख् या 33/2023-सीमा िुल्क, दिनांक 27 अप्रैल, 2023 जिसे सा.का.जन. 319(अ), दिनांक 27 अप्रैल, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th September, 2023 No. 55/2023-Customs G.S.R. 670(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes further amendments in the following notifications of the Government of India, Ministry of Finance (Department of Revenue), specified in column (2) of the table below to the extent specified in the corresponding entry in column (3) of the said table, namely: - Sl. No. Notification number and Date Amendments (1) (2) (3) 1. Notification No. 11/2022-Customs, dated the In the notification, in the Table, against serial number 9,- 1st February, 2022, published in the Gazette (i) in column (2), for the entry “8544”, the entry “85” of India, Extraordinary, Part II, Section 3, shall be substituted; Sub-section (i), vide number G.S.R. 85(E), dated the 1st February, 2022. (ii) in column (3), in the Explanation, after the word “connector”, the words “or wireless charging cable containing static converter and coil,” shall be inserted.[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 2. Notification No. 12/2022-Customs, dated the In the notification, in the Table, against S. No. 7, in column 1st February, 2022, published in the Gazette (2), for the entry, the entry “39, 40, 42, 73, 74, 85” shall be of India, Extraordinary, Part II, Section 3, substituted. Sub-section (i), vide number G.S.R. 86(E), dated the 1st February, 2022. [F. No. 190354/300/2021-TRU] VIKRAM WANERE, Under Secy. Note: 1. The principal notification No. 11/2022-Customs, dated the 1st February, 2022 was published in the Gazette of India, Extraordinary, Part II, Section-3, Sub-section (i), vide number G.S.R.85(E), dated the 1st February, 2022 and last amended vide notification No. 33/2023-Customs, dated the 27th April, 2023 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 319(E), dated the 27th April, 2023. 2. The principal notification No. 12/2022-Customs, dated the 1st February, 2022 was published in the Gazette of India, Extraordinary, Part II, Section-3, Sub-section (i), vide number G.S.R.86(E), dated the 1st February, 2022 and last amended vide notification No. 33/2023-Customs, dated the 27th April, 2023 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 319(E), dated the 27th April, 2023. 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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