The Ministry of Finance, (MoF) on July 01, 2023, issued a notification regarding an amendment in notification to prescribe the AIDC rate for liquified Propane and liquified Butane.
Amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 11/2021- Customs, dated February 01, 2021.
The following has been stated-
•In the TABLE, after Sl. No. 10, and the entries relating thereto, the Sl. No. 10AA 2711 12 00- Liquified Propane, 27111300- Liquified Butane, entries shall be inserted.
•After the TABLE the following provisos shall be inserted-
“Provided that nothing contained in S.No 10AA shall apply to imports of Liquified Propane and Liquified Butane mixture, Liquified Propane and Liquified Butane by the Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited or Bharat Petroleum Corporation Limited for supply to household domestic consumers or to Non-Domestic Exempted Category (NDEC) customers;
Provided further that nothing contained in Sl. No 10 B shall apply to imports of Liquified Petroleum Gas by the Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited or Bharat Petroleum Corporation Limited for supply to household domestic consumers or to Non-Domestic Exempted Category (NDEC) customers"
[Notification No. 45/2023-Customs]
