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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 (Departmen
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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The exemption from Basic Customs Duty (BCD) on specified parts of transformers is being withdrawn.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.
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Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs04-2021.pdf