Notification no 71/2017 Customs date on 11th August, 2017
seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to
1> Increase the BCD on crude soya bean oil from 12.5% to 17.5%;
2> Increase the BCD on crude palm oil of edible grade from 7.5% to 15%; and
3> Increase the BCD on refined palm oil of edible grade from 15% to 25%.
The extract of CUSTOMS Notification No. 71/2017- CUSTOMS is given below:
Notification No. 71/2017-CUSTOMS
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 71/2017-Customs
New Delhi, the 11th August, 2017
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-
In the said notification, in the Table,-
(i) against serial number 57, in column (4) against clauses (A), (B) and (C) of item II of column
(3), for the entry “7.5%” the entry “15%”” shall be substituted;
(ii) against serial number 61, in column (4), for the entry “12.5%” the entry “17.5%”” shall be substituted;
(iii) against serial number 65, in column (4), for the entry “15%” the entry “25%”” shall be substituted;
[F.No. 354/203/2012- TRU]
(Mohit Tewari)
Under Secretary to the Government of India
Note: The principal notification No.50/2017-Customs, dated the 30th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide notification No.70/2017-Customs, dated the 31st July, 2017, published vide number G.S.R. 984 (E), dated the 31st July, 2017.
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