Seeks to further amend notification No. 25/99-Customs dated 28th February, 1999 so as to withdraw BCD exemption on the specified parts of transformers

Last updated: 01 February 2021

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This notification amends Customs Notification No. 25/99-Customs, dated 28th February 1999. Specifically, it withdraws the Basic Customs Duty (BCD) exemption for certain specified parts of transformers. This change comes into effect from 2nd February 2021.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 04/2021-Customs

New Delhi, the 1st February, 2021

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. 25/99-Customs, dated the 28th February, 1999, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 161(E), dated the 28th February, 1999, namely :-

1. In the said notification, in the TABLE, in List A, S. No. 198 and the entries relating thereto shall be omitted.

2. This notification shall come into force on 2nd February, 2021.

[F.No. 334/2/2021-TRU]

(Rajeev Ranjan)

Under Secretary to the Government of India

Note: The principal notification No.25/99-Customs, dated the 28th February, 1999 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 161 (E), dated the 28th February, 1999 and last amended vide notification No. 05/2020-Customs, dated the 2 nd February, 2020, vide number G.S.R. 65 (E), dated the 2 nd February, 2020.

FAQ :

The notification aims to amend Customs Notification No. 25/99-Customs to withdraw the Basic Customs Duty (BCD) exemption on specified parts of transformers.

Customs Notification No. 25/99-Customs, dated 28th February 1999, is being amended.

The exemption from Basic Customs Duty (BCD) on specified parts of transformers is being withdrawn.

This notification comes into force on 2nd February 2021.

S. No. 198 and its related entries in List A of the said notification are being omitted.

Notification No : 04/2021-Customs
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs04-2021.pdf

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