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Date: 30-Nov-2023 Category: Extra Ordinary State: Union Government Country: India

notification No 63 of 2023 customs

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 63/2023-Customs issued by the Ministry of Finance (Department of Revenue) amends notification No. 22/2022-Customs, dated April 30, 2022. This amendment pertains to changes in customs duties, specifically by inserting a new entry in TABLE I of the original notification.

Key Changes

  • A new serial number '1271A' is inserted into TABLE I of the original notification No. 22/2022-Customs.
  • This new entry, '1271A', relates to goods classified under code '2207 10 12'.
  • The description for goods under '2207 10 12' is 'All goods'.
  • The rate of customs duty applicable to these goods ('All goods' under code '2207 10 12') is specified as '95'.

Impact Analysis

Potential Impacts

  • Increased cost of importing 'All goods' classified under tariff item 2207 10 12 by 95%.

Stakeholders Affected

  • Customs officials responsible for enforcing and administering the revised duty structure.

Suggested Action Items

  • Monitor the market to assess the impact on prices and competitiveness.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification, responsible for fiscal policy and tax administration. Central Government: The government body exercising powers under the Customs Act, 1962 to make amendments to customs notifications. Customs Act, 1962: The principal legislation governing customs duties and procedures in India. Section 25(1) provides the power to grant exemptions from customs duty. Notification No. 22/2022-Customs: The original notification, dated April 30, 2022, which is being amended by this notification. It contains the schedule of customs duties. Notification No. 20/2023-Customs: The notification dated March 31, 2023, which previously amended the principal notification No. 22/2022-Customs. CBIC: Central Board of Indirect Taxes and Customs. Referenced by file number CBIC-190354/199/2023-TO(TRU-I).
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30112023-250328 CG-DxLx-xEG-I3D0H1x1x2x0 23-250328 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.ं 689] नई दिल्ली, बृहस्ट्प जतिार, निम्ब र 30, 2023/अग्रहायण 9, 1945 No. 689] NEW DELHI, THURSDAY, NOVEMBER 30, 2023/AGRAHAYANA 9, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 30 निम् बर, 2023 सख्ं या 63/2023-सीमािल्ु क सा.का.जन. 872(अ).—सीमा िुल् क अजधजनयम 9662 19662 का 22) क धारा 22 क उपधारा 19) के तहत प्रित् त िजतियय का प्रयगग करते ुएए के्‍ र सरकार, इस बात से संतुष्ट हगते ुएए दक ससा करना िनजहत म वि्‍ यक ह, भारत सरकार, जित् त मंत्रालय 1रािस्ट्ि जिभाग) क अजधसूचना संख्य ा 22/2022-सीमािुल् क, दिनांक 30 अप्रल , 2022, जिस े सा.का.जन. 328 1अ), दिनांक 30 अप्र ल, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खंड (i) म प्रकाजित दकया गया था, म और वग ेभी जनम्न जलजखत संिगधन करती ह, यथा:- उतिय अजधसूचना म, सारणी I म, क्रम संख्या 9279 और उससे संबंजधत प्रजिजिय के प्‍ चात, जनम्नजलजखत क्रम संख्या और प्रजिजि अंत:स्ट्थ ाजपत क िाएगं ी, अथाात:् - (1) (2) (3) (4) “1271 क 2207 10 12 सभी िस्ट् तुएं 95”; [फा. स.ं सीबीवईसी-190354/199/2023-टीओ1टीवरय-ू I)] जनजति कनााटक, अिर सजचि 7427 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नगट:- मूल अजधसूचना संख् या 22/2022-सीमा िुल्क, दिनांक 30 अप्रल , 2022, कग सा.का.जन. 3281अ), दिनांक 30 अप्र ल, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खडं 1i) म प्रकाजित दकया गया था और इसम अंजतम बार अजधसूचना संख्या 20/2023-सीमा िुल्क, दिनांक 39 माच,ा 2023, जिसे सा.का.जन. 222 1अ), दिनांक 39 माच,ा 2023, के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खंड 1i) म प्रकाजित दकया गया था, के द्वारा संिगधन दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th November, 2023 No. 63/2023-Customs G.S.R. 872(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 the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 22/2022-Customs, dated the 30th April, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 328(E), dated the 30th April, 2022, namely:- In the said notification, in the TABLE I, after S. No. 1271 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) “1271A. 2207 10 12 All goods 95”; [F. No. CBIC-190354/199/2023-TO(TRU-I)] NITISH KARNATAK, Under Secy. Note: - The principal notification No. 22/2022-Customs, dated the 30th April, 2022, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 328(E), dated the 30th April, 2022, and was last amended vide notification No. 20/2023-Customs, dated the 31st March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 252(E), dated the 31st March, 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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