CUSTOMS Notification No 32 of 2022 dated 30th June, 2022
Seeks to exempt imports of Petroleum Crude and ATF from whole of the additional duty of Customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty.
The extract of CUSTOMS Notification No. 32/2022- CUSTOMS is given below:
Notification No. 32/2022-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. 32/2022-Customs
New Delhi, the 30th June, 2022
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), read with section 147 of Finance Act, 2002 (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below and falling within the Heading of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as specified in column (2), when imported into India, from whole of the additional duty of Customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty leviable thereon under section 147 of the Finance Act, 2002:
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Table
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S. No.
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Heading
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Description of goods
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(1)
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(2)
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(3)
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1.
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2709
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Petroleum, Crude
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2.
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2710
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Aviation Turbine Fuel
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- This notification shall come into force on the 1st day of July, 2022.
[F. No. 354/15/2022-TRU]
(Vikram Vijay Wanere)
Under Secretary to the Government of India