The Ministry of Finance (MoF) on April 27, 2023, issued a notification regarding the amendment to various notifications related to the exemption of custom duty on specified goods when imported into India
The following amendments have been made namely: -
• In the Notification No. 11/2022-Customs, dated February 01, 2022, In the notification, after the Table, the following proviso shall be inserted, namely: -
“Provided that the rate of duty specified in Column (4) against the respective description of goods mentioned in Column (3) of the Table above shall apply even when such goods are presented together in a manner so as to attract the provision of rule 2(a) of the General Rules of Interpretation of the First Schedule of the Customs Tariff Act, 1975, subject to the respective conditions specified in column (5).”;
• In the Notification No.12/2022-Customs, dated February 01, 2022, In the notification, after the Explanation, the following proviso shall be inserted, namely: -
“Provided that the rate of duty specified in Column (4) against the respective description of goods mentioned in Column (3) of the Table above shall apply even when such goods are presented together in a manner so as to attract the provision of rule 2(a) of the General Rules of Interpretation of the First Schedule of the Customs Tariff Act, 1975, subject to the respective conditions specified in column (5).”.
[Notification No. 33/2023-Customs]
