Seeks to further amend notification No. 24/2005-Customs, dated the 1st March, 2005 so as to exclude copper and articles thereof from the exemption provided to raw materials

Last updated: 04 February 2020

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This notification amends the existing Customs Notification No. 24/2005-Customs. Specifically, it removes copper and articles made from copper from the list of raw materials that are exempt from customs duty. This change affects the exemptions previously provided under the principal notification.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 06/2020 – 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 (Department of Revenue) No. 24/2005-Customs, dated the 1st March, 2005, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 122(E), dated the 1 st March, 2005, namely :-

In the said notification, in the Table, against S. No. 39, for the entry in column (2), the entry “Any Chapter except Chapter 74” shall be substituted.

[F. No. 334/2/2020-TRU]

(Gaurav Singh)

Deputy Secretary to the Government of India

Note: The principal notification No. 24/2005-Customs, dated the 1st March, 2005 was published in the Gazette of India, Extraordinary, Part II, Section-3, Sub-section (i), vide number G.S.R.122(E), dated the 1st March, 2005 and last amended by notification No. 36/2019-Customs, dated the 30th December, 2019, published vide number G.S.R. 964(E), dated the 30th December, 2019.

FAQ :

The notification seeks to amend Customs Notification No. 24/2005-Customs to exclude copper and articles thereof from the exemption provided to raw materials.

The notification being amended is the Government of India, Ministry of Finance (Department of Revenue) Notification No. 24/2005-Customs, dated the 1st March, 2005.

Copper and articles made from copper will now be excluded from the exemption previously granted to raw materials under the said notification.

The amendment is made by substituting the entry in column (2) of the Table, against S. No. 39, to read as 'Any Chapter except Chapter 74'.

The principal notification No. 24/2005-Customs was issued on the 1st March, 2005.