The Central Board of Indirect Taxes & Customs (CBIC) on February 23, 2023, issued an amendment to Notification No. 50/2017-Customs, dated June 30, 2017, which states “Exemption of certain goods read with the relevant List, and falling within the Chapter, heading, sub-heading or tariff item of the First Schedule to the said Customs Tariff Act, when imported into India”
The following has been stated namely: -
• In the said notification, in the Table, after S. No. 555 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -
“555A - All Goods: Provided that nothing contained in this S. No. shall have effect after 31st March 2025 – Nil”
This notification shall come into force on February 24, 2023.
[Notification No. 13/2023-Customs]
