Home India Ministry of Finance notification number 41 of 2024 customs...
Date: 31-Jul-2024 Category: Extra Ordinary State: Union Government Country: India

notification number 41 of 2024 customs

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This is a notification from the Ministry of Finance (Department of Revenue), Government of India, amending a previous notification regarding customs duties.
  • It introduces a new exemption for certain goods imported for laboratory or research and development purposes.
  • The amendment adds a new entry (606A) to the existing table in the notification and a new condition (123) to the annexure, outlining the conditions and liabilities related to this exemption.

Key Changes

  • Addition of a new entry (606A) to the table in the notification. This entry covers 'All goods (excluding undenatured ethyl alcohol of any alcoholic strength) for use in:- (i) laboratory; or (ii) Research and Development purposes.' These goods will now be subject to a 10% duty, contingent on compliance with condition 123.
  • Addition of a new condition (123) to the annexure. This condition requires importers to submit an undertaking that the imported goods will only be used for laboratory or research and development and will not be sold or traded. Non-compliance results in a liability to pay duty equal to the amount that would have been levied without the exemption.
  • The notification comes into effect from August 1st, 2024.
  • This amendment modifies notification number 50/2017-Customs, dated June 30, 2017, previously amended by notification number 30/2024-Customs, dated July 23, 2024.

Impact Analysis

Importers

  • Need for clear understanding of the definition of 'laboratory' and 'research and development' purposes to ensure eligibility for the exemption.

Government

  • Potential for improved research and development activities due to easier access to imported goods.

Domestic Manufacturers

  • May need to adjust pricing strategies to remain competitive.

Suggested Actions

  • Domestic manufacturers should analyze the market impact of the exemption and adjust their strategies accordingly.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification. Customs Act, 1962 (52 of 1962): The primary law under which the notification is issued. Customs Tariff Act, 1975 (51 of 1975): A secondary law referenced in the notification. Notification No. 50/2017-Customs: The principal notification being amended. Notification No. 30/2024-Customs: A previous amendment to the principal notification. Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i): The official publication where the notification is published. Deputy Commissioner of Customs or Assistant Commissioner of Customs: The customs officials before whom the undertaking must be submitted.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31072024-255958 CG-DxLx-xEG-I3D1H0x7x2x0 24-255958 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.ं 428] नई दिल्ली, बुधिार, िुलाई 31, 2024/श्रािण 9, 1946 No. 428] NEW DELHI, WEDNESDAY, JULY 31, 2024/SHRAVANA 9, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अधिसचू ना नई दिल्ली, 31 िुलाई, 2024 सख्ं या 41/2024-सीमािल्ु क सा.का.जन. 467(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उप धारा (1) और सीमािुल्क टैररफ अजधजनयम, 1975 (1975 का 51) की धारा 3 की उपधारा (12) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, केन्‍द र सरकार, इस बात से संतुष्ट होते हुए दक ऐसा करना िनजहत में आिश्यक है, एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 50/2017-सीमािुल्क, दिनांक 30 िून, 2017 जिसे सा.का.जन. संख्या 785 (अ), दिनांक 30 िून, 2017 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खडं (i) म ें प्रकाजित दकया गया था, म ेंऔर आग ेजनम्नजलजखत सिं ोधन करती ह,ै अथाात् :- उि अजधसूचना म,ें - 4754 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (I) सारणी में, क्रम संख्या 606 और उससे संबंजधत प्रजिजियों के पश् चात, जनम्नजलजखत क्रम संख्या और प्रजिजियााँ अंत:स्ट् थाजपत की िाएगं ी, अथाता ्: - (1) (2) (3) (4) (5) (6) “606क 9802 00 00 जनम्नजलजखत म ें उपयोग हते ु सभी माल 10% - 123”; (दकसी भी अल्कोहजलक ताकत के अनजडनेचडा एजथल अल्कोहल को छोड़कर) - (i) प्रयोगिाला; या (ii) अनुसंधान एिं जिकास प्रयोिनों के जलए। (II) उपाबंध म,ें िता संख्या 122 और उससे संबंजधत प्रजिजियों के पश् चात, जनम्नजलजखत ित ा संख्या और प्रजिजियााँ अंत:स्ट् थाजपत की िाएगं ी, अथाता ्: - (1) (2) “123. यदि, आयातक सीमा िल्ु क उपायुि या सहायक आयुि सीमा िल्ु क , िैसा भी मामला हो, के समक्ष एक िचन पत्र प्रस्ट्तुत करता ह ै दक इस प्रकार आयाजतत सामान प्रयोगिाला म ें उपयोग के जलए या अनुसंधान एिं जिकास प्रयोिनों में उपयोग के जलए होगा और आयात के बाि बेचा नहीं िाएगा या व्यापार नहीं दकया िाएगा, और इस ित ा के अनुपालन म ें जिफलता के मामल े में, िह ऐसी मात्रा पर लगाए िाने िाल े िुल्क के बराबर राजि, यदि इस अजधसूचना के अधीन छूट ना िी गयी होती तो, के भगु तान के जलए उत्तरिायी होगा िो मात्रा प्रमाजणत रूप से जनर्ििा उद्देश्यों में उपयोग नहीं की गयी हो।” । 2. यह अजधसूचना दिनांक 1 अगस्ट्त, 2024 स ेलाग ूहोगी। [फा. स.ं सीबीआईसी-354/03/2024-टीआरय]ू जनजति कनााटक, अिर सजचि रटप्पण:- मलू अजधसूचना संख्य ा 50/2017-सीमा िल्ु क, दिनांक 30 िनू , 2017 को सा.का.जन. संख्या 785(अ), दिनांक 30 िून, 2017 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 30/2024-सीमा िुल्क, दिनांक 23 िलु ाई, 2024, जिस े सा.का.जन. संख्या 433 (अ), दिनांक 23 िलु ाई, 2024 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था, के द्वारा संिोधन दकया गया ह ै ।[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 31st July, 2024 No. 41/2024-Customs G.S.R. 467(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), 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. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:- In the said notification, - (I) in the Table, after S. No. 606 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: - (1) (2) (3) (4) (5) (6) “606A. 9802 00 00 All goods (excluding undenatured 10% - 123”; ethyl alcohol of any alcoholic strength) for use in:- (i) laboratory; or (ii) Research and Development purposes. (II) in the Annexure, after Condition No. 122 and the entries relating thereto, the following condition and entries shall be inserted, namely: - “123. If, the importer submits an undertaking before the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, that the goods so imported shall be for use in laboratory or for use in research and development purposes and shall not be sold or traded after importation and that in case of failure to comply with this condition, he shall be liable to pay, in respect of such quantity of the said goods as is proved to have not been so used for the specified purposes, an amount equal to the duty leviable on such quantity but for the exemption under this notification.”. 2. This notification shall come into force from the 1st day of August, 2024. [F. No. CBIC-354/03/2024-TRU] NITISH KARNATAK, Under Secy. Note: The principal notification No. 50/2017-Customs, dated the 30th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, and was last amended vide notification No. 30/2024-Customs, dated the 23rd July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 433(E), dated the 23rd July, 2024. 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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