Amend notification No. 50/2017- Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD)

Last updated: 01 February 2022

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This notification, dated 1st February 2022, introduces amendments to the previous Customs Notification No. 50/2017. These changes primarily affect the effective rates of Basic Customs Duty (BCD). Specifically, Serial Numbers 3A and 4 from the original notification's table will be omitted, with the omission of 3A taking effect from 1st May 2022. Additionally, Serial Number 6 and its related entries are being substituted with new ones. Full details of these substitutions can be found in the attached document.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 02/2022-Customs

New Delhi, the 1st February, 2022

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, 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. 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, -

I. in the Table, -

(1) S. No. 3A and the entries relating thereto shall be omitted with effect from the 1st day of May, 2022;

(2) S. No. 4 and the entries relating thereto shall be omitted;

(3) (a) for S. No. 6 and the entries relating thereto, the following S. Nos. and entries shall be substituted, namely: -

Please refer to the attached file for details

FAQ :

The purpose of this notification is to amend Notification No. 50/2017-Customs dated 30th June, 2017, to prescribe the effective rate of Basic Customs Duty (BCD).

Notification No. 50/2017-Customs dated 30th June, 2017 is being amended.

The omission of S. No. 3A and its related entries will take effect from the 1st day of May, 2022.

Yes, S. No. 4 and the entries relating thereto are also being omitted.

S. No. 6 and the entries relating thereto are being substituted with new Serial Numbers and entries.

The details of the substituted entries for S. No. 6 can be found in the attached file.