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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 Fina
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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 - CustomsPublished in Custom