CUSTOMS Notification No 26 of 2018 dt 12th February, 2018

 

Notification no 26/2018 Customs date on 12th February, 2018

seeks to further amend the notification No. 50/2017- Customs, dated the 30th June 2017 so as to reduce the Basic Customs Duty on motorcycles falling under tariff heading 8711.

The extract of CUSTOMS Notification No. 26/2018- CUSTOMS is given below:

Notification No. 26/2018-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. 26/2018-Customs

 

New Delhi, the 12^th February, 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) and sub-section (12) of section 3 of the 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 further amendments in the notification of the Government of India, 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.531 and the entries relating thereto, the following S.No. and entries shall be substituted, namely: -

 

(1)	(2)	(3)	(4)	(5)	(6)
“531.	8711	Motor  cycles  (including  mopeds)  and  cycles
		fitted with an auxiliary motor, with or without
		side cars, and side cars, new, which have not
		been registered anywhere prior to importation-
		(1) as a completely knocked down (CKD) kit
		containing all the necessary components, parts
		or  sub-assemblies,  for  assembling  a  complete
		vehicle, with-
		(a) engine, gearbox and transmission mechanism	15%	-	-
		not in a pre-assembled condition;
		(b)   engine   or   gearbox   or   transmission	25%	-	-
		mechanism in pre-assembled form, not mounted
		on a body assembly;
		(2) in a form other than (1) above.	50%	-	-’’.

 

[F. No.354/33/2018- TRU]

  

(Gunjan Kumar Verma)

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, Sub-section (i) vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide notification No. 24/2018 -Customs, dated the 6^th February, 2018, published vide number G.S.R. 146(E), dated the 6^th February, 2018.