CUSTOMS Notification No. 78 of 2017 dt 13th October, 2017

 

Notification no. 78/2017 Customs date on 13th October, 2017

  

 

Seeks to exempt goods imported by EOUs from integrated tax and compensation cess

  

The extract of CUSTOMS Notification No. 78/2017- CUSTOMS is given below:

 

Notification No. 78/2017-CUSTOMS

 

 

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA (EXTRAORDINARY)]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

 

DEPARTMENT OF REVENUE

(CENTRAL BOARD OF EXCISE AND CUSTOMS)

 

Notification No. 78 /2017-Customs

 

New Delhi, the 13 October, 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 in the Ministry of Finance (Department of Revenue) No. 52/2003-Customs, dated the 31st March, 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 274 (E), dated the 31st March, 2003, namely:-

 

  1. In the said notification, for the words, brackets and figures “from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and the additional duty, if any, leviable thereon under sub-sections (1), (3) and (5) of section 3 of the said Customs Tariff Act, subject to the following conditions, namely:-”,

 

the following shall be substituted, namely:-“from -

 

(A)      the whole of the duty of customs leviable thereon under the First-Schedule to the Customs Tariff Act, 1975 (51 of 1975) and the additional duty, if any, leviable thereon under sub-sections (1), (3) and (5) of section 3 of the said Customs Tariff Act; and

 

(B)      the integrated tax and compensation cess leviable thereon under sub-sections (7) and (9), respectively of section 3 of the said Customs Tariff Act:

 

Provided that nothing contained in clause (B) above shall apply on or after the 1st day of April, 2018, subject to the following conditions, namely:-”.

 

 

[F.No.DGEP/SEZ/09/2017(Pt.2)]

 

(Anand Kumar Jha)

 

Under Secretary to the Government of India

 

Note:- The principal notification No. 52/2003-Customs, dated the 31st March, 2003 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 274 (E), dated the 31st March, 2003 and last amended by notification No. 59/2017-Customs, dated the 30th June, 2017, published vide number G.S.R. 736 (E), dated the 30th June, 2017.

 

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Learn exports imports free of cost

 

GST rate changes 06th October, 2017

Reduced GST rates as per GST council meet 09th September 2017

Revised GST rates on 11th June, 2017

GST exemptions for SME

GST, Composition scheme changes

GST council meet decision as on 06th October, 2017

Customs Notification 50/2017 part 14

GST on Knitting machines business

GST slab rate on sale or purchase of Airports and other places using Passenger boarding bridges

Customs notification 50/2017 last part

GST taxable rate on purchase or sale of Passenger boarding bridges

GST taxable rate on purchase or sale of Composting Machines

Import under EPCG after GST

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation

GST tariff rate on sale or purchase of Pens, Pencils, crayons, pastels, chalk

Service Tariff Code for GST

Competitive airfreight offer from airlines

Authority for advance ruling, Section 96 of CGST Act, 2017

Authorization of Officers, UTGST Act 2017

Baggage clearance after GST implementation

Banking and other financial services

Beauty Parlours services in India

Broadcasting Radio and Television Services

Brought down GST imposed rate on Bamboo furniture

Brought down GST rate on purchase or sale of mayonnaise and salad dressings

Brought down GST rate on purchase or sale of Printers

Is letter of credit safe mode of payment?

IGM amendment (Import General Manifest Amendment)

Import clearance under high sea sales

 Import customs clearance procedures

 Import General Manifest (IGM)

Importance of Bill of Lading

Introduction to this web site.

 Is Airway bill a documents of title?

 Is Customs House Agents (CHA ) required to be appointed mandatory?

 Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers