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GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 05/2020-Customs New Delhi, the 2nd February, 2020 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, (Depar
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FAQ :
The main purpose is to amend Customs Notification No. 25/99-Customs to withdraw the Basic Customs Duty (BCD) exemption on gold used in the manufacture of semiconductor devices.
The exemption from Basic Customs Duty (BCD) on gold used in the manufacture of semiconductor devices is being withdrawn.
Yes, the notification also makes several other specific amendments to the table of the principal notification, affecting entries related to aluminium wire, blade fuse bodies, and certain plastic materials.
The original notification being amended is Notification No. 25/99-Customs, dated 28th February 1999.
The notification is dated 2nd February 2020, and it makes further amendments to the principal notification.
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Notification No : 05/2020-CustomsPublished in Custom