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, Sub-Section (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and was last amended vide notification No. 46/2023-Customs, dated the 26th July, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 557(E), dated the 26th July, 2023.
CUSTOMS Notification No 52 of 2023 dated 5th Septmber, 2023
Seeks to amend notification No. 50/2017 -Customs dated 30.06.2017 in order to modify Customs duty exemption provided to textile machineries.
The extract of CUSTOMS Notification No. 52/20223- CUSTOMS is given below:
Notification No. 52/2023-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. 52/2023-Customs
New Delhi dated the 5th September, 2023
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 the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on 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. 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, in the Table, for S. No. 460 and the entries relating thereto, the following S. No. and entries shall be substituted, namely: -
|
(1)
|
(2)
|
|
|
(3)
|
|
|
(4)
|
(5)
|
(6)
|
|
|
|
|
|
|
|
|
|
|
“460.
|
8446,
|
The following goods (other than old and
|
|
|
|
|
|
|
8448
|
used) for use in the textile industry,
|
|
|
|
|
|
|
|
namely: -
|
|
|
|
|
|
|
|
|
|
|
(i)
|
Shuttleless
|
Rapier
|
Looms
|
[above
|
Nil
|
-
|
-
|
|
|
|
|
|
650 meters per minute];
|
|
|
|
|
|
|
|
|
(ii)
|
Shuttleless Waterjet Looms [above
|
Nil
|
-
|
-
|
|
|
|
|
|
800 meters per minute];
|
|
|
|
|
|
|
|
|
(iii) Shuttleless
|
Airjet
|
Looms
|
[above
|
Nil
|
-
|
-
|
|
|
|
|
|
1000 meters per minute];
|
|
|
|
|
|
|
|
|
(iv) Parts and
|
components for
|
use in
|
Nil
|
-
|
9”.
|
|
|
|
|
|
manufacturing of shuttleless looms
|
|
|
|
|
|
|
|
Provided that nothing contained in this
|
|
|
|
|
|
|
|
S.No. shall have effect after 31st March,
|
|
|
|
|
|
|
|
2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[F. No. CBIC-190354/44/2023-TO(TRU-I)-CBEC]
|
|
|
|
|
|
|
|
|
|
(Rajeev Ranjan)
|
|
|
|
|
|
Under Secretary to the Government of India
Discussion Forum
You can also share your thoughts about this article.
Any one can answer on question posted by Readers
|