CUSTOMS Notification No 34 of 2019 dated 30th September, 2019

Posted on 11 June 2022 Category : Notifications

Notification No 34/2019 Customs date on 30th September, 2019

Seeks to further amend notification No 50/2017-Customs dated 30th June, 2017 to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019.

The extract of CUSTOMS Notification No. 34/2019- CUSTOMS is given below:

Notification No. 34/2019-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. 34/2019-Customs

New Delhi, the 30th September, 2019

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) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30^th 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 30^th June, 2017, namely:-

In the said notification, -

(I) In the Table,

(a) against S. No. 359A, for the entry in column (3), the entry, “Import of gold, silver or platinum by specified banks and other entities (as per List 34)”, shall be substituted;

(b) against S. No. 557A, in column (3), for the words “taken on lease by the importer for use after import”, the words, figures and brackets, “under a transaction covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017”, shall be substituted;

(c) against S. No. 557B, in column (3), for the words “under lease, by the importer for use after import”, the words, figures and brackets, “under a transaction covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services Tax Act, 2017”, shall be substituted;

(d) after S. No. 557B and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1)	(2)	(3)	(4)	(5)	(6)
“557C	89	Ships/ Vessels for providing cable laying	--	Nil	105”;
		or repairing services in Indian Customs
		waters

(II) in the ANNEXURE, -

(i) after Condition No. 104 and the entries relating thereto, the following Condition No. and entries shall be inserted, namely: -

Condition		Condition
No.
“105	The importer, by the execution of bond, in such form and for such sum

	as may be specified by the Commissioner of Customs, binds himself to,
	-
	(i)	pay duty on goods used in cable laying or repairing services,
		leviable under the Customs Act, 1962 and integrated tax
		leviable under Section 3 (7) of the Customs Tariff Act, 1975;
	(ii) pay applicable integrated tax leviable under section 5(1) of the
		Integrated Goods and Services Tax Act, 2017 on cable laying
		or repair service;
	(iii)to furnish an undertaking to the Deputy Commissioner of
		Customs or the Assistant Commissioner of Customs, as the
		case may be, to the effect that the imported goods shall not be
		cleared for home consumption, and shall be used only for the
		intended purpose;

(iv) to re-export the ship/ vessel immediately after completion of the said cable laying or repairing service;

(v) to pay on demand an amount equal to the integrated tax payable on the said goods but for the exemption under this notification in the event of violation of any of the above conditions.”;

(III) in List 34, after item number (41), and the entries relating thereto, the following shall be inserted, namely: -

“(42) Diamond India Limited (DIL).”.

This notification shall come into force on the 1^st day of October, 2019. [F.No.354/131/2019-TRU]

(Ruchi Bisht)

Under Secretary to the Government of India

Note: The principal notification No.50/2017-Customs, dated the 30^th June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 785(E), dated the 30^th June, 2017 and last amended vide notification No. 31/2019-Customs, dated the 24^th September, 2019, published vide number G.S.R.684(E), dated the 24^th September, 2019.

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