Budget 2023 : CBIC Extend the validity of 3 notifications up to the 31st March, 2028.

Last updated: 01 February 2023

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Quick Summary

The Central Board of Indirect Taxes and Customs (CBIC) has extended the validity period for three specific customs notifications. These notifications, originally issued in 2009 and 2017, will now remain in effect until 31st March 2028. This extension is intended to maintain existing customs provisions and ensure continuity for businesses operating under these regulations. The amendments come into force from 2nd February 2023.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 11/2023-Customs Dated: 1st February, 2023 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 Custom

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FAQ :

The validity of Notification No. 90/2009-Customs, dated 7th September 2009, Notification No. 33/2017-Customs, dated 30th June 2017, and Notification No. 41/2017-Customs, dated 30th June 2017, have been extended.

These three customs notifications are now valid up to and including the 31st March 2028.

This extension came into force on the 2nd day of February 2023.

The Central Government has extended the validity as it is deemed necessary in the public interest, ensuring continuity of the provisions contained within these notifications.