Customs Tariff Amendment Rules 2024

Last updated: 27 July 2024

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Quick Summary

The Indian Ministry of Finance has issued new rules, the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules, 2024. These amendments, made under the Customs Tariff Act, 1975, will come into effect on 24th July 2024. They aim to update the procedures for identifying, assessing, and collecting countervailing duties on subsidised articles.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 51/2024-Customs (N.T.)

New Delhi, the 23rd July, 2024

G.S.R....(E).- In exercise of the powers conferred by sub-section (7) of section 9 and sub-section (2) of section 9B of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby makes the following rules further to amend the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995, namely :-

1. Short title and commencement. — (1) These rules may be called the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules, 2024.

(2) These rules shall come into force on the 24th day of July, 2024.

For full notification please refer to the attachment.

FAQ :

The new rules are called the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Amendment Rules, 2024.

These rules shall come into force on the 24th day of July, 2024.

These rules are made in exercise of the powers conferred by the Customs Tariff Act, 1975.

The purpose of these rules is to further amend the existing procedures for the identification, assessment, and collection of countervailing duty on subsidised articles and for the determination of injury.