CUSTOMS Notification No 01 of 2024 dated 15th January, 2024

Notification No 01/2024 Customs date on  15th January, 2024

Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty of 50% on exports of Molasses (HS 1703). 

The extract of CUSTOMS Notification No. 01/2024- CUSTOMS is given below: 

Notification No. 01/2024-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. 01/2024-Customs 

New Delhi, the 15^th January, 2024

G.S.R. ......(E). -  Whereas, the Central Government is satisfied that export duty should be levied on certain articles and that circumstances exist which render it necessary to take immediate action. 

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner, namely: -

In the Second Schedule to the Customs Tariff Act, after S. No. 9A and the entries relating thereto, the following Sl. No. and entries relating thereto shall be inserted, namely: -

1. This notification shall come into force on the 18^th of January, 2024.

[F. No. CBIC-190354/9/2024-TO(TRU-I)] 

(Amreeta Titus)

Deputy Secretary