Seeks to amend notification No. 11/2021-Customs dated 1st February, 2021 so as to revise Agriculture Infrastructure and Development Cess (AIDC) applicable on certain items. - AIDC on Precious Metals reduced substantially. - 32/2024 - Customs -Tariff

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 32/2024-Customs New Delhi, dated the 23rd July, 2024 G.S.R. 435 (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 124 of the Finance Act, 2021 (13 of 2021) , 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. 11/2021 Customs, dated the 1st February, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3,Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 , namely:- In the said notification, in the Table, - 1) against Sl. No. 15A, in column (4), for the entry , the entry 1.4% shall be substituted; 2) against Sl. No. 15B, in column (4), for the entry , the entry 0.35% shall be substituted; 3) against Sl. No. 15C, in column (4), for the entry , the entry 0.35% shall be substituted; 4) against Sl. No. 15D, in column (4), for the entry , the entry 1% shall be substituted; 5) against Sl. No. 15E, in column (4), for the entry , the entry 0.35% shall be substituted; 6) against Sl. No. 15F, in column (4), for the entry , the entry 1% shall be substituted; 7) against Sl. No. 15G, in column (4), for the entry , the entry 1% shall be substituted. 2. This notification shall come into force on the 24th day of July, 2024. [F. No. 334/03/2024-TRU] (Vikram Vijay Wanere) Under Secretary Note: The principal notification No. 11/2021-Customs, dated the 1st February, 2021 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 and last amended vide notification No. 11/2024-Customs, dated the 19th February, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 116 (E), dated the 19th February, 2024 .