Customs Duty Amendment: Textile Machinery Exemption

Last updated: 08 September 2023

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The Ministry of Finance has issued a notification amending the customs duty exemptions for textile machinery. This change, effective from September 5th, 2023, aims to serve the public interest. Specific details of the amendment are available in the full notification.

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi the 5th September, 2023
No. 52/2023-Customs

G.S.R 653(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 :-

For full notification please refer to the attachment

FAQ :

The notification concerns amendments to the customs duty exemption for textile machinery.

The notification was issued on the 5th of September, 2023.

The Central Government has made the amendment because it is satisfied that it is necessary in the public interest.

The notification amends the Government of India's notification No. 50/2017-Customs, dated 30th June, 2017.

The full details of the amendment are available in the attached full notification.

Notification No : 52/2023
Source : https://egazette.gov.in/WriteReadData/2023/248551.pdf

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