CUSTOMS Notification No 78 of 2018 dated 29th November, 2018

Notification no 78/2018 Customs date on 29th November, 2018 

 

Amendment to notification no. 57/2000-Customs dated 08.05.2000 

The extract of CUSTOMS Notification No. 78/2018- CUSTOMS is given below: 

 Notification No. 78/2018-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 INDIRECT TAXES AND CUSTOMS) 

Notification No. 78/2018 - Customs 

 

New Delhi, the 29th November, 2018

 

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. 57/2000-Customs dated the 8th May, 2000 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 413 (E), dated the 8th May, 2000, namely:-

 

2.    In the said notification,  after the second proviso, the following proviso shall be inserted, namely:- 

"   Provided further that no replenishment of the gold or silver shall be available to the exporter where the exporter avails, in respect of exported product - 

(i)         Cenvat credit on inputs under the Central Excise Act,1944; or 

(ii)       input tax credit on inputs or services or both under Chapter V of the Central Goods and Services Tax Act, 2017; or 

(iii)      refund of input tax credit or refund of integrated tax under section 54 of the Central Goods and Services Tax Act, 2017.”

 

 

(F. No. DGEP/G&J/05/2017) 

(Dinesh Kumar Gupta)

Director to the Government of India 

 

Note. – The principal notification No. 57/2000-Customs dated the 8th May, 2000 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 413 (E), dated the 8th May, 2000 and was last amended by notification No. 26/2017-Customs, dated 29th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide G.S.R. 727 (E), dated the 29th June, 2017.

 

Click below for other interested posts:

 

Learn Exports Imports Free, Click here


How to export your product? 

How to import your product? 

Click here to know HS code of your product 


What are the risks and solutions in Export Business?  

Click here to know GST rate of your goods or service

GST exemption list of goods and service

How to obtain a duplicate BL, if original bill of lading lost?     

Can a Bill of Lading be consigned to a customs broker? 

Can I get bill of lading before loading cargo 

Can two consignments meant for one buyer be shipped together under one Bill of Lading? 

Buyer’s and Seller’s responsibility to bear costs under CIP

The costs distribution to Buyer and Seller under CFR inco term

Buyer’s and Seller’s responsibility under CPT inco term

Valuation of GST Taxable supply

When to pay GST for supply of services?

When to pay GST?

GST on short supplied goods and services by nature

Minimized GST rate on Hand-made braids and ornamental trimming in the piece

Diminished GST rate on Handmade carpets and other handmade textile floor coverings

Revised GST rate on Solid bio fuel pellets

 



Discussion Forum

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