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

 

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 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, -

 

(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).”.

 

  1. This notification shall come into force on the 1st 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 30th 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 30th June, 2017 and last amended vide notification No. 31/2019-Customs, dated the 24th September, 2019, published vide number G.S.R.684(E), dated the 24th September, 2019.

 

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