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


Quick Summary
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 G
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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.

 

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Notification No : 07/2020 - Customs
Published in Custom

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