Reduce export duty raw hides and skins of buffalo


Quick Summary
This notification announces a reduction in the export duty for raw hides and skins of buffalo. The changes, which come into effect on 2nd February 2022, involve specific amendments to the existing Customs notification No. 27/2011-Customs. These amendments include the omission of certain serial numbers and the insertion of a new entry for buffalo hides and skins with a 30% duty.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 10/2022-Customs
New Delhi, the 1st February, 2022


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) 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. 27/2011-Customs dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 153(E), dated the 1st March, 2011, namely :-

In the said notification, in the Table,

(i) S. No. 20B and the entries relating thereto shall be omitted;
(ii) after S. No. 38A and the entries relating thereto, the following S. No. and the entries shall be inserted, namely: -

(1) (2) (3) (4)
“38B. 4101 Raw hides and skins of buffalo 30%”;

(iii) S. Nos. 63, 64 and the entries relating thereto shall be omitted.

2. This notification shall come into effect on the 2nd day of February, 2022.

[F. No. 334/01/2022-TRU]
(Nitish Karnatak)
Under Secretary to the Government of India


Note: - The principal notification No. 27/2011-Customs, dated the 1st March, 2011 was published
in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.
153(E), dated the 1st March, 2011 and last amended vide notification No. 27/2019-Customs, dated
the 6th July, 2019 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i), vide number G.S.R. 484(E), dated the 6th July, 2019.

FAQ :

The main change is the reduction of export duty on raw hides and skins of buffalo.

This notification comes into effect on the 2nd day of February, 2022.

The notification specifically affects raw hides and skins of buffalo.

The new duty rate for raw hides and skins of buffalo is 30%.

The principal notification being amended is No. 27/2011-Customs, dated 1st March, 2011.

 

Guest
Notification No : 10/2022-Customs
Published in Custom
Source : https://www.indiabudget.gov.in/doc/cen/cus1022.pdf

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