Effective rates of customs duty and IGST for goods imported into India - Seeks to exempt BCD on ships/ vessels for breaking up. Seeks to amend notification No. 50/2017-Customs, dated the 30th June, 2017 - 13/2023 - Customs -Tariff

MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION NO. 13/2023-Customs New Delhi, the 23rd February, 2023 G.S.R. 124(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, 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, after S. No. 555 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: - (1) (2) (3) (4) (5) (6) 555A. 8908 00 00 All Goods: Provided that nothing contained in this S. No. shall have effect after 31st March, 2025. Nil - - 3. This notification shall come into force on the 24th day of February, 2023. [F. No. CBIC-190354/16/2023-TRU Section-CBEC] VIKRAM VIJAY WANERE, Under Secy. 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 30 th June, 2017 and was last amended vide notification No. 02/2023-Customs, dated the 1st February, 2023 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 67(E), dated the 1st February, 2023.