This notification, issued by the Indian Government's Ministry of Finance, introduces exemptions and revised duty rates for certain imported goods. It specifies which goods, based on their classification under the Customs Tariff Act, will benefit from reduced customs duty and full exemption from the Social Welfare Surcharge. The changes are made in the public interest under the powers granted by the Customs Act, 1962 and the Finance Act, 2018.
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)Notification No. 36/2024-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 110 of Finance Act, 2018 (13 of 2018) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description spe
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FAQ :
The notification aims to exempt certain imported goods from specified customs duties and the Social Welfare Surcharge, in the public interest.
This notification is issued under sub-section (1) of section 25 of the Customs Act, 1962, read with section 110 of the Finance Act, 2018.
The notification affects goods described in a table, falling under specific chapters, headings, sub-headings, or tariff items of the Customs Tariff Act, 1975, when imported into India.
Importers may receive exemptions from customs duty exceeding a specified rate and a full exemption from the Social Welfare Surcharge on eligible goods.
The full details, including the specific goods and the applicable duty rates, are available in the attached full notification document.
Source : https://www.indiabudget.gov.in/doc/cen/cus362024.pdf