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Date: 14-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Seeks to amend notification No 57 of 2017 Customs

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This notification amends Notification No. 57/2017-Customs, dated June 30, 2017, to modify the description of goods eligible for a specific customs duty benefit. The amendment expands the definition of eligible items to include smart wearable devices beyond just smart watches.

Key Changes

  • The notification substitutes the original description of goods in column (3) against S. No. 20, item (a) of the table in Notification No. 57/2017-Customs.
  • The original description '(commonly known as smart watches);' is replaced with '(commonly known as smart watches) and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands;'
  • This change broadens the scope of the customs duty benefit to include other smart wearable devices like smart rings, shoulder bands, neck bands and ankle bands, in addition to smart watches.

Impact Analysis

Impact on Importers/Manufacturers of Wearable Devices

  • Companies should review their customs classifications and import documentation to ensure they are taking advantage of the expanded scope of the notification for eligible wearable devices.

Impact on Consumers

  • Increased availability of diverse smart wearable technology in the Indian market.

Impact on Government Revenue

  • The government aims to promote domestic manufacturing and adoption of wearable technology.

Suggested Action Items

  • Re-evaluate pricing strategies to reflect potential cost savings from reduced duties.

Key Entities Referenced

Central Government: The issuer of the notification, acting through the Ministry of Finance (Department of Revenue). Customs Act, 1962: The principal legislation under which the notification is issued. Section 25(1) provides the power to grant exemptions from customs duty. Notification No. 57/2017-Customs, dated 30th June, 2017: The original notification being amended. It provides a list of goods eligible for specific customs duty benefits. CBIC (Central Board of Indirect Taxes and Customs): The department responsible for administering customs laws and issuing related notifications, as indicated by the reference number CBIC-190341/22/2023-TRU Section-CBEC.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 ससीी..जजीी..--डडीी..एएलल..--अअ..--1144003322002244--225533000022 CCGG--DDxLLx--xEEG--I11D44H00x33x22x00 2244--225533000022 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.ं 179] नई दिल्ली, बृहस्ट्प जतिार, माचच 14, 2024/फाल्ग नु 24, 1945 No. 179] NEW DELHI, THURSDAY, MARCH 14, 2024/PHALGUNA 24, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 14 माच,च 2024 सख्ं य ा 17/2024-सीमा िल्ु क सा.का.जन. 192(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 25 की उपधारा (1) के तहत प्रित्त िजियों का प्रयोग करते हुए, केन्‍द र सरकार, इस बात से संतुष् ट होते हुए दक ससा करना िनजहत म वि्यक ह , एतद्द्वारा, भारत सरकार, जित् त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्य ा 57/2017-सीमा िुल् क, दिनांक 30 िून, 2017, जिसे सा.का.जन. सं. 798 (अ), दिनांक 30 िून, 2017 के तहत, भारत के रािपत्र, असाधारण, भाग ।।, खंड 3, उप खंड (i) म प्रकाजित दकया गया था, म और वग े भी जनम् नजलजखत संिोधन करती ह , यथा :- उक् त अजधसूचना म , सारणी म, - (i) क्रम संख्य ा 20 के समक्ष, कॉलम (3) म , मि (क) म , प्रतीकों और िब्िों "(सामान्‍द यता जिन्‍द ह स्ट्माटच ़जड यों के नाम स े िाना िाता ह) ;" के स्ट्थान पर, प्रतीकों और िब्िों "(सामान्‍द यता जिन्‍द ह स्ट् माटच ़ज डयों के नाम से िाना िाता ह) और अन्‍दय स्ट्माटच पहनने योग्य उपकरण जिसम स्ट्माटच ररंग, िोल् डर बैंड, नेक बैंड या एंकल बैंड िाजमल हैं;" को प्रजतस्ट्थाजपत दकया िाएगा। [फा. सं. सीबीवईसी-190341/22/2023-टीवरयू अनुभाग-सीबीईसी] जिक्रम जििय िानेरे अिर सजचि 1912 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट: मूल अजधसूचना संख्य ा 57/2017-सीमा िल्ु क, दिनांक 30 िून, 2017 जिसे सा.का.जन. संख्या 798(अ), दिनांक 30 िून, 2017 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) म प्रकाजित दकया गया था और इसम अंजतम बार अजधसूचना संख्य ा 09/2024-सीमा िुल्क, दिनांक 30 िनिरी, 2024 जिसे सा.का.जन.सं. 79 (अ), दिनांक 30 िनिरी, 2024 के तहत प्रकाजित दकया गया था, के तहत संिोधन दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th March, 2024 No. 17/2024-Customs G.S.R. 192(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 amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 57/2017-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. 798(E), dated the 30th June, 2017, namely :- In the said notification, in the Table, - (i) against S. No. 20, in column (3), in item (a), for the symbols and words “(commonly known as smart watches);”, the symbols and words “(commonly known as smart watches) and other smart wearable devices including smart rings, shoulder bands, neck bands or ankle bands;” shall be substituted. [F.No. CBIC-190341/22/2023-TRU Section-CBEC] VIKRAM VIJAY WANERE, Under Secy. Note: - The principal notification No.57/2017-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. 798(E), dated the 30th June, 2017 and last amended, vide notification No. 09/2024-Customs, dated the 30th January, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 79(E), dated the 30th January, 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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