Customs Notification No. 32/2024

Last updated: 27 July 2024

Save Share

Quick Summary

This notification, dated 23rd July 2024, introduces amendments to customs duty rates as per Notification No. 11/2021. Several specific item codes (Sl. No. 15A to 15G) have had their duty rates adjusted. These changes are effective from 24th July 2024.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 32/2024-Customs

New Delhi, dated the 23rd July, 2024

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), read with section 124 of the Finance Act, 2021 (13 of 2021), 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. 11/2021 – Customs, dated the 1st February, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3,Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021, namely:-

In the said notification, in the Table, -

1) against Sl. No. 15A, in column (4), for the entry , the entry “1.4%” shall be substituted;

2) against Sl. No. 15B, in column (4), for the entry , the entry “0.35%” shall be substituted;

3) against Sl. No. 15C, in column (4), for the entry , the entry “0.35%” shall be substituted;

4) against Sl. No. 15D, in column (4), for the entry , the entry “1%” shall be substituted;

5) against Sl. No. 15E, in column (4), for the entry , the entry “0.35%” shall be substituted;

6) against Sl. No. 15F, in column (4), for the entry , the entry “1%” shall be substituted;

7) against Sl. No. 15G, in column (4), for the entry , the entry “1%” shall be substituted.

2. This notification shall come into force on the 24th day of July, 2024.

[F. No. 334/03/2024-TRU]

(Vikram Vijay Wanere)
Under Secretary

FAQ :

The purpose of this notification is to make further amendments to the customs duty rates specified in Notification No. 11/2021.

This notification comes into force on the 24th day of July, 2024.

Amendments have been made to the duty rates for items listed against Sl. No. 15A, 15B, 15C, 15D, 15E, 15F, and 15G in the relevant table.

The new duty rates are 1.4% for Sl. No. 15A, 0.35% for Sl. No. 15B, 0.35% for Sl. No. 15C, 1% for Sl. No. 15D, 0.35% for Sl. No. 15E, 1% for Sl. No. 15F, and 1% for Sl. No. 15G.

These changes were made in exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962, read with section 124 of the Finance Act, 2021.

Notification No : 32/2024
Source : https://www.indiabudget.gov.in/doc/cen/cus322024.pdf

188 Views Comment Share Custom Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments