Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD)

Last updated: 03 February 2020

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This notification introduces further amendments to Notification No. 50/2017-Customs, originally dated 30th June 2017. The key change is the prescription of an effective rate for Basic Customs Duty (BCD). This amendment is made by the Central Government under the powers granted by the Customs Act, 1962, and the Customs Tariff Act, 1975, deeming it necessary in the public interest.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 01/2020-Customs

New Delhi, the 2nd 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) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), 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. 50/2017- Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-

Please refer to the attached file for full notification

FAQ :

The notification aims to further amend the existing Notification No. 50/2017-Customs to prescribe an effective rate of Basic Customs Duty (BCD).

Notification No. 50/2017-Customs, dated 30th June, 2017, is being amended.

The amendment prescribes the effective rate of Basic Customs Duty (BCD).

The amendment is made under sub-section (1) of section 25 of the Customs Act, 1962, and sub-section (12) of section 3 of the Customs Tariff Act, 1975.

The Central Government has issued this amendment.