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TMI BlogAMENDMENTS TO THE CUSTOMS ACT, 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... or bilateral trade agreements; obligations under international agreements, treaties, conventions including with respect to UN agencies, diplomats, international organizations; privileges of constitutional authorities; schemes under Foreign Trade Policy; Central Government schemes having a validity of more than two years; re-imports, temporary imports, goods imported as gifts or personal baggage; any duty of customs under any law for the time being in force including integrated tax leviable under sub-section (7) of Section 3 of the Customs Tariff Act, 1975, other than duty of customs leviable under section 12. [123] 2 A new sub section (8A) to section 127 C is being inserted so as to specify a time limit of 9 months from the date of application, for disposal of the application filed before the Settlement Commission. [124] II. AMENDMENTS TO THE CUSTOMS TARIFF ACT, 1975 S. No. Amendment Clause of the Finance Bill, 2023 A. Retrospective Amendments (w.e.f. 01.01.1995) [125] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nes or modify existing tariff lines. The proposed changes are in chapter 3, chapter 4, chapter 9, chapter 10, chapter 12, chapter 13, chapter 19, chapter 27, chapter 29, chapter 31, chapter 38, chapter 39, chapter 48, chapter 52, chapter 54, chapter 57, chapter 61, chapter 62, chapter 63, chapter 69, chapter 71, chapter 84, chapter 85, and chapter 87. (ii) The General explanatory note to the General Rules for interpretation of the Schedule is being amended to carry out some changes which inter alia, include changes to align the abbreviations and the tariff with complementary amendments to the HS 22. (iii) The First Schedule to the Customs Tariff Act, 1975 is also being amended to modify the tariff rates on certain tariff items as part of rationalization of customs duty rate structure. (iv) The Second Schedule is being amended to align the entries under heading 1202 with that of the First Schedule with effect from 1st May,2023. [clause 127 read with Fifth Schedule of the Finance Bill 2023] AMENDMENTS Tariff Rate Changes A. Increase in Tariff rate (to be effective from 02.02.2023) * [Clau ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duty in certain items. These changes need to be read with appropriate changes in AIDC/SWS rates Rate of Duty S. No. Heading, sub-heading tariff item Commodity From To 1. 4011 30 00 New or retreaded pneumatic tyres, of rubber, of a kind used on aircraft of heading 8802 3% 2.5% 2. 7107 00 00 Base metals clad with silver, not further worked than semi-manufactured 12.5% 10% 3. 7108 Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form 12.5% 10% 4. 7109 00 00 Base metals or silver, clad with gold, not further worked than semi-manufactured 12.5% 10% 5. 7110 11 10 7110 11 20 7110 19 00 7110 21 00 7110 29 00 7110 41 00 7110 49 00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r) for use in manufacture of aquatic feed 30% 15% 5. 2207 20 00 Denatured ethyl alcohol for use in manufacture of industrial chemicals 5% Nil 6. 2301 20 Fish meal for use in manufacture of aquatic feed 15% 5% 7. 2301 20 Krill meal for use in manufacture of aquatic feed 15% 5% 8. 2309 90 90 Mineral and Vitamin Premixes for use in manufacture of aquatic feed 15% 5% Minerals 9. 2529 22 00 Acid grade fluorspar (containing by weight more than 97% of calcium fluoride) 5% 2.5% Petrochemicals 10. 2710 12 21, 2710 12 22, 2710 12 29 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21. 8703 Electrically operated Vehicle in Completely Built Unit (CBU) form, other than with CIF value more than USD 40,000 60% 70% 22. 39,40,58,70,72 73,83,84,85, 87,90 Vehicles, specified automobile parts/components, sub-systems and tyres when imported by notified testing agencies for the purpose of testing and/ or certification , subject to conditions As applicable Nil Capital goods 23. 84, 85 Specific capital goods/machinery for manufacture of Lithium ion cell for use in battery of electrically operated vehicle (EVs) As applicable Nil B . Changes in Basic Customs Duty (without any change in the effective rate of Customs Duties i.e., BCD+AIDC+SWS) Note: In order to simplify the tax structure, number of BCD rates are being reduced. This rationalization of BCD rate structure is being carri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tical fibre or optical fibre cables Nil Nil (up to 31.03.2025) 6 341 Preform of silica for use in the manufacture of telecommunication grade optical fibres or optical fibre cables 5% 5% (up to 31.03.2025) 7 341A Inputs for manufacture of Preform of silica Nil Nil (up to 31.03.2025) 8 237 Specified inputs for use in the manufacture of EVA sheet or back sheets which are used in the manufacture of solar cell or modules Nil Nil (up to 31.03.2024) 9 340 Solar tempered glass for use in the manufacture of solar cell or solar module Nil Nil (up to 31.03.2024) 10 405, 406 Raw materials and parts for manufacture of wind operated electricity generators, including permanent magnets for manufacture of PM synchronous generators above 500KW for use in wind operated electricity operators ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pharmaceutical Reference Standard 10. 188 Specified goods for manufacture of ELISA Kits 11. 204 Anthraquinone or 2-Ethyl Anthraquinone, for use in manufacture of Hydrogen Peroxide 12. 212A Medicines/drugs/vaccines supplied free by United Nations International Children's Emergency Fund (UNICEF), Red Cross or an International Organization 13. 213 Drugs and materials 14. 238 Organic or inorganic coating material for manufacture of electrical steel 15. 253 Goods for manufacture of Brushless Direct Current (BLDC) motors 16. 254 Catalyst for manufacture of cast components of Wind Operated Electricity Generator 17. 255 Resin for manufacture of cast components of Wind Operated Electricity Generator 18. 258 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re of electrical insulators falling under heading 8546 34. 379 Pipes and tubes for use in manufacture of boilers 35. 380 Forged steel rings for manufacture of special bearings for use in wind operated electricity generator 36. 381 Flat copper wire for use in the manufacture of photo voltaic ribbon for solar cell/modules 37. 387 Zinc metal recovered by toll smelting or toll processing from zinc concentrates exported from India for such processes 38. 392 Dies for drawing metal, when imported after repairs in exchange of similar worn out dies exported out for repairs 39. 415 Parts/inputs for manufacture of catalytic convertors or its parts 40. 415A Platinum or Palladium for manufacture of all goods including Noble Metal Compounds Noble Metal Solutions falling under 2843 and goods of heading 381512 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M; fingerprint reader/scanner other than for use in manufacturing cellular mobile phones; miniaturized POS card reader for mPOS (other than Mobile phone or Tablet Computer); parts and components for manufacture of the above items 57. 471 All parts for use in the manufacture of LED lights or fixtures including LED lamps 58. 472 All inputs for use in the manufacture of LED driver or MCPCB for LED lights and fixtures or LED lamps 59. 475 Specified goods including scramblers, descramblers, encoders, jammers, network firewall, SMS monitoring system etc 60. 476 Television equipment, cameras and other equipment for taking films, imported by a foreign film unit or television team 61. 477 Photographic, filming, sound recording and radio equipment, raw films, video tapes and sound recording tapes of foreign origin if imported into India after having been exported therefrom. 62. 478 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 77. 523A Parts, sub-parts, inputs or raw material for use in manufacture of Lithium ion cells 78. 527 Lithium ion cell used in manufacture of battery or battery pack of items other than cellular mobile phone, electrically operated vehicle or hybrid motor vehicle 79. 534 Parts of gliders or simulators of aircrafts (excluding rubber tyres and tubes of gliders) 80. 535 Raw materials for manufacture of aircraft (except unmanned aircraft used as television camera, digital camera or video camera recorder) or its parts 81. 535A Components or parts of aircraft for manufacture of aircraft (except unmanned aircraft used as television camera, digital camera or video camera recorder) or for manufacture of parts of aircraft imported by PSUs under Ministry of Defence 82. 536 Parts, testing equipment, tools and tool-kits for maintenance, repair, and overhauling of aircraft (except unmanned aircraft used as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls and floating structures imported for breaking up) 98. 565 Specified goods for use in the manufacture of Flexible Medical Video Endoscope 99. 566 Polypropylene, Stainless-steel Strip and stainless steel capillary tube for manufacture of syringes, needles, catheters and cannulae 100. 567 Stainless steel tube and wire, cobalt chromium tube, Hayness alloy-25 and polypropylene mesh required for manufacture of coronary stents / coronary stent system and artificial heart valve 101. 568 Parts and components required for manufacture of Blood Pressure Monitors and blood glucose monitoring system (Glucometers) 102. 569 Ostomy products, its accessories and parts required for manufacture of such medical equipment 103. 570 Medical and surgical instruments, apparatus and appliances including spare parts and accessories thereof 104. 575 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the goods covered under following notifications are being extended for a period of one year i.e. upto 31st March 2024. S. No. Notification No. Subject 1 16-Customs dated 23.1.65 Exemption to goods exported to foreign countries for display in showrooms of Govt of India 2. 80/1970-Customs Exemption to articles supplied free under warranty as replacement for defective ones 3. 46-Customs (1974) Pedagogic material for educational or vocational training courses 4. 248/76-Customs Exemption to precious stones imported by posts on approval or return basis 5. 207/89-Customs Exemption to foodstuff and provisions, imported by foreigners 6. 134/94-Customs Exemption to goods for carrying out repairs, reconditions , testing calibration or maintenance 7. 147/94-Customs Exem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or initial setting up of nonconventional power generation plants 21. 102/2007-Customs Exemption from Special CVD to all goods imported for subsequent sale when IGST, CGST, SGST or UTGST paid by importers. 22. 26/2011-Customs Exemption to work of art, antiques in museum or art gallery imported for public exhibition 23. 23/2016-Customs Effective rates for parts of aircraft imported under the Standard Exchange Scheme 24. 05/2017-Customs Exemption to machinery, components for setting up fuel cell based power generation plant. 25. 16/2017-Customs Exemption to specified drugs medicines supplied free of cost to patients under Patient Assistanceprogram of Pharma Companies 26. 29/2017-Customs Exemption to specimen, models, wall pictures and diagrams for instructional purposes 27. 30/2017-Customs Exemption to motion picture, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fit of the existing exemption notification No. 146/94-Customs, dated 13.07.1994, is being extended w.e.f. 02.02.2023 to imports of Warm Blood horse when imported by Sportsperson of eminence for training. VII. Customs duty exemptions /concessions being discontinued Certain BCD exemptions under notification No. 50/2017-Customs dated 30.6.2017 and other notification are being discontinued with effect from 31.03.2023. The following are being discontinued as they are redundant : S. No. S. No. of Notfn Description 1. S. No. 16 of 50/2017Customs This exemption entry pertaining to Human Embryo is being withdrawn as it is redundant on account of prohibition of import of Human Embryo under the Assisted Reproductive Technology (Regulation) Act, 2021 and The Surrogacy (Regulation) Act, 2021. [notification No. 22/2015-20 dated 20th July, 2022 of DGFT refers] 2. S. No. 325 of 50/2017Customs This exemption entry pertaining to Monofilament Yarn is being withdrawn as tariff rate is also at 5% and hence red ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (E) dated the 30th June, 2017. 8. Toys and parts of toys (HSN 9503) other than goods covered under S. No. 591of the Table in Notification No. 50/2017-Customs dated the 30th June,2017 B. RESCINDING OF NOTIFICATION RELATING TO SWS These notifications are being rescinded on account of being redundant due to basic customs duty rate structure rationalization: 1 No. 13/2021-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. 71(E), dated the 1st February, 2021 2 No. 34/2022-Customs, dated the 30thJune, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 487(E), dated the 30thJune, 2022 IX. AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS (AIDC) Notification No. 11/2021 Customs, dated 01.02.2021 is being amended to revise the AIDC rates on the following goods (w.e.f. 02.02.2023): A. AIDC rate ..... X X X X Extracts X X X X X X X X Extracts X X X X
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