The Central Government amended notification No. 153/94-Customs ...

Customs Duty Exemption Under Section 25(1) Extended to Railway Equipment Imported for Repairs and Return

February 2, 2025

Notifications Customs

The Central Government amended notification No. 153/94-Customs under Section 25(1) of the Customs Act, 1962, and Section 3(12) of the Customs Tariff Act, 1975. The amendment expands the scope of exemption for goods of foreign origin imported for repairs and return by including Chapter 86 (railway/tramway equipment) alongside the existing Chapters 88 (aircraft) and 89 (ships/boats) in the proviso to clause (ii) against serial number 1 in the notification's table. This modification broadens the categories of transportation equipment eligible for customs duty exemption when imported for repair purposes. The amendment takes effect from February 2, 2025, reflecting the government's policy to facilitate maintenance and repair operations across multiple transport sectors.

View Source

← Previous Next →

The Central Government amended notification No. 153/94-Customs ...

Customs Duty Exemption Under Section 25(1) Extended to Railway Equipment Imported for Repairs and Return

February 2, 2025

Notifications Customs

You may also like:

Notification 38/2024 Customs extends the duration for export of aircraft and vessels imported for maintenance, repair and overhauling from 6 months to 1 year, further...

Retrospective exemption granted from payment of any customs duty on import of "Rough diamonds (industrial or non-industrial)" for the period 1.7.2017 to 1.2.2022....

The Ministry of Finance amended notification No. 57/2017-Customs through powers under Section 25(1) of the Customs Act, 1962, modifying Basic Customs Duty (BCD) rates on...

Duty demand u/s 28(1) of Customs Act, 1962, upon importer and transferee of license issued by DGFT - Liability of transferee for fraudulently obtained license - Levy of...

Demand of customs duty invoking extended period of limitation - the Tribunal noted that the appellant had provided all relevant information and documents at the time of...

Exemption from IGST - Re-import of aircrafts and parts thereof after repairs - the meaning assigned to duty of customs, as discussed above, is the meaning assigned to...

Levy of customs duty on import of wheat - rate of duty increased from 20% to 30%

The CESTAT held that the customs authorities lacked the legal authority to impose duty liability or confiscate the salvage equipment imported for the MSC Chitra incident....

The receipts towards repairs and maintenance services rendered by the assessee cannot be construed as "Fee for Technical Services" (FTS) u/s 9(1)(vii) of the Income Tax...

CESTAT Bangalore held that goods of foreign origin imported for repairs and return are eligible for exemption under the Notification No.153/1994. The appellant imported...

Effective rates of customs duty and IGST for goods imported into India - Customs duty on import of Gold - Seeks to amend Notification No. 50/2017-Customs, dated the 30th...

Classification of imported goods - Wireless Access Points [WAP] - Imported WAP is a networking equipment working in LAN connecting Wi-fi enabled devices such as laptops,...

100% EOU - demand of customs duty on the raw material imported duty free - removal of finished goods in DTA without having any permission from the Development...

Section 80P deduction claim filed in a return submitted in response to notice u/s 142(1) is valid. The Income Tax Act does not mandate that the return must be filed u/ss...

Exemption from Customs Duty: Notification amends notification No. 50/2017-Customs to insert new entries 544A and 613 in the Table, granting concessional 5% customs duty...

Quick Updates: