Notification No. 42/2021-Cus,dt. 10-09-2021

Last updated: 13 September 2021

Save Share

Quick Summary

This notification, dated 10th September 2021, introduces amendments to existing customs notifications. Specifically, it alters duty rates for certain items under Notification No. 50/2017-Customs and modifies the description and duty rate for Crude Palm Oil under Notification No. 11/2021-Customs. These changes come into effect from 11th September 2021.

MINISTRY OF FINANCE
(Department of Revenue)
New Delhi, the 10th September,2021

Notification No. 42/2021-Customs

G.S.R. 624(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), 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 amends the following notifications of the Government of India in the Ministry of Finance (Department of Revenue) specified in column (2) of the Table below, to the extent specified in the corresponding entries in column (3) of the said Table, namely:-

TABLE

S. No.	Notification No. and Date	Amendments
(1)	(2)	(3)
1.	50/2017-Customs, dated the 30^th 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 30^th June, 2017	In the said notification, in the Table- (i) against S. No. 57, in column (4), for the entry, the entry “2.5%” shall be substituted; (ii) against S. No. 61, in column (4), for the entry, the entry “2.5%” shall be substituted; (iii) against S. No. 62, in column (4), for the entry, the entry “32.5%” shall be substituted; (iv) against S. No. 65, in column (4), for the entry, the entry “32.5%” shall be substituted; (v) against S. No. 70, in column (4), for the entry, the entry “2.5%” shall be substituted; (vi) against S. No. 71, in column (4), for the entry, the entry “32.5%” shall be substituted;
2.	11/2021-Customs, dated the 1^st 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 1^st February, 2021	In the said notification, in the Table- (i) against S. No. 7, in column (3), for the entry, the entry “Crude Palm Oil” shall be substituted; (ii) against S. No. 7, in column (4), for the entry, the entry “20%” shall be substituted;

2. This notification shall come into effect on the 11th September, 2021.

[F. No. CBIC-190354/189/2021-TRU]

GAURAV SINGH, Dy. Secy,

Note :

1. The principal notification No. 50/2017-Customs, dated the 30^th day of June, 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E)., dated the 30^thday of June, 2017 and last amended vide notification No. 38/2021-Customs, dated the 26^th day of July, 2021 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 508(E), dated the 26^th day of July, 2021.

2. The principal notification No. 11/2021-Customs, dated the 1^stday of February, 2021 was published in the Gazette of India, Extraordinary, Part II, Section3, Sub-section (i), vide number G.S.R. 69(E)., dated the 1^st day of February, 2021 and last amended vide notification No. 38/2021-Customs, dated the 26^th day of July, 2021 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 508(E)., dated the 26^th day of July, 2021.

FAQ :

This notification comes into effect on the 11th September 2021.

Notification No. 50/2017-Customs and Notification No. 11/2021-Customs are being amended.

Amendments include changes to duty rates for specific serial numbers. For S. No. 57, 61, and 70, the duty rate is changed to 2.5%. For S. No. 62, 65, and 71, the duty rate is changed to 32.5%.

The description for S. No. 7 is changed to 'Crude Palm Oil', and the duty rate for this entry is amended to 20%.

The notification is issued by the Central Government in the public interest to amend existing customs duty rates and descriptions as per the powers conferred by the Customs Act, 1962, the Customs Tariff Act, 1975, and the Finance Act, 2021.