CBIC : Notification 86 of 2023 Customs Non Tariff

Last updated: 29 November 2023

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The Central Board of Indirect Taxes & Customs (CBIC) has issued Notification No. 86/2023-Customs (N.T.) on 28th November 2023. This notification amends the existing customs tariff values by substituting Tables 1, 2, and 3. These changes are made under the powers granted by the Customs Act, 1962, to ensure expediency in customs procedures.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
NOTIFICATION
New Delhi, the 28th November, 2023
No. 86/2023-CUSTOMS (N.T.)

S.O. 5061(E).— In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely:

For full notification please refer to the attachment

FAQ :

The purpose of this notification is to amend the existing customs tariff values by substituting Tables 1, 2, and 3.

The notification was issued by the Central Board of Indirect Taxes & Customs (CBIC) under the Ministry of Finance.

This notification was issued on 28th November 2023.

Tables 1, 2, and 3 of the notification No. 36/2001-Customs (N.T.), dated 3rd August, 2001, are being substituted.

These amendments were made in exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962.

Notification No : 86/2023
Source : https://egazette.gov.in/(S(jxtm5mmv3bsysn51v5xxyhl4))/ViewPDF.aspx

Attached File : 322600_11235_250287.pdf

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