Seeks to further amend notification No. 25/2005-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. 25/2005. Specifically, it removes copper and articles made from copper from the list of raw materials that were previously exempt from customs duties. This change affects the exemptions provided under the original notification.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 07/2020 – Customs

New Delhi, the 2 nd 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. 25/2005-Customs, dated the 1 st March, 2005, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 123(E), dated the 1st March, 2005, namely:-

In the said notification, in the Table, against S. No. 33, 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. 25/2005-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.123(E), dated the 1st March, 2005 and was 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 aims to amend Customs Notification No. 25/2005 to exclude copper and articles thereof from the exemption provided to raw materials.

Customs Notification No. 25/2005, dated 1st March, 2005, is being amended.

Copper and articles made from copper are being excluded from the exemption.

It means that copper and articles made from copper will no longer benefit from the raw material exemption previously provided under Notification No. 25/2005.

The original exemption, under Notification No. 25/2005, provided exemptions for certain raw materials.