The Central Board of Indirect Taxes and Customs (CBIC) on October 03, 2022 has issued amendments to Notification No. 11/2021-Customs, dated February 01, 2021 which states “Exemption certain goods under Customs Tariff Act, 1975”. This has come into force on February 02, 2022.
The following has been stated namely: -
• The following has been stated after Sl. No. 15, which states the following namely: -
“15A - Goods, other than the following: -
(a) Platinum and Palladium for use in the manufacture of: -
(i) all goods, including Noble Metal Compounds and Noble Metal Solutions, falling under heading 2843;
(ii) all goods falling under sub-heading 3815 12;
(iii) catalytic convertors falling under tariff item 8421 32 00;
Provided that, the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022;
(b) Rhodium”
[Notification No. 53/2022-Customs]
