Home India Ministry of Finance The Central Govt, being satisfied that it is necessary in th...
Date: 2014-09-18 Category: Extra Ordinary State: Union Government Country: India

The Central Govt, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Govt. of India, in the Ministry of Finance (Department of Revenue), No. 12-2012-Customs, dated the 17th March, 2012.

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 28/2014-Customs, issued by the Department of Revenue, Ministry of Finance, and published in the Gazette of India on September 18, 2014, introduces amendments to Notification No. 12/2012-Customs, dated March 17, 2012. The amendments, enacted under the authority of Section 25(1) of the Customs Act, 1962, are deemed necessary in the public interest by the Central Government. Specifically, the notification includes the following changes: 1. In the Table of the principal notification, against serial number 282, in column 3, in item (y), the figures "500" are substituted with "1000". 2. In the proviso of the principal notification, in clause (bc), the phrase "first day of January, 2015" is replaced with "1st day of April, 2015". The notification is identified by F. No. 354/141/2012-TRU and signed by Pramod Kumar, Under Secretary.

Key Entities Referenced

Customs Act, 1962: A legislative act providing the legal framework for customs operations in India. Central Government: The executive authority of the Union of India. Ministry of Finance: A ministry of the Government of India responsible for financial matters. Department of Revenue: A department within the Ministry of Finance, Government of India, responsible for tax administration. New Delhi: The capital city of India and location of the Ministry of Finance. G.S.R. 675(E): A notification number assigned to a statutory rule issued by the Government of India. No. 12/2012-Customs: A notification issued by the Department of Revenue, Ministry of Finance, related to customs. PRAMOD KUMAR: Under Secretary in the Government of India, signing the notification.
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