Seeks to further amend notification No. 57/2017-Customs dated 30th June, 2017 so as to prescribe effective BCD rate on IT/Electronics items

Last updated: 01 February 2021

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This notification introduces amendments to the existing Customs notification 57/2017-Customs, specifically concerning the Basic Customs Duty (BCD) rates for certain IT and electronics items. These changes include the insertion of 'metal shield' and an adjustment to the BCD rate for specific items to 2.5% effective from April 1st, 2021. Additionally, an amendment clarifies that certain provisions will not apply to 'camera lens'.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 03/2021 – 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, Ministry of Finance (Department of Revenue), No. 57/2017- Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 798 (E), dated the 30th June, 2017, namely:-

1. In the said notification, in the TABLE, -

(i) against S.No. 6A ,-

(a) in column (3), in the proviso, after item (v), the following item shall be inserted, namely: -

“(vi) metal shield”;

(b) in column (4), for the entries at both the places, the entry “2.5%” shall be substituted with effect from the 1st day of April, 2021;

(ii) against S.No. 6B,-

(a) in column (3), after item (b), the following proviso shall be inserted, namely: -

“Provided that nothing contained in the entries mentioned at items (a) and (b) shall apply to the “camera lens”;

Please refer to the attached file for full notification.

FAQ :

The notification aims to further amend notification No. 57/2017-Customs to prescribe effective Basic Customs Duty (BCD) rates on IT and electronics items.

The changes, specifically the substitution of the BCD rate to '2.5%' for certain items, will take effect from the 1st day of April, 2021.

The amendments affect items listed under S.No. 6A, including the insertion of 'metal shield', and S.No. 6B, with specific provisions not applying to 'camera lens'.

For the affected items under S.No. 6A, the BCD rate will be substituted with '2.5%'.

Yes, the notification states that certain provisions mentioned at items (a) and (b) under S.No. 6B shall not apply to the 'camera lens'.

Notification No : 03/2021 – Customs
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs03-2021.pdf

Attached File : 322600_9963_cs03_2021.pdf

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