Seeks to prescribe effective rate of Agriculture Infrastructure and Development Cess for specified goods


Quick Summary
This notification from the Ministry of Finance outlines the effective rate for the Agriculture Infrastructure and Development Cess on specific goods. It specifies exemptions from the full cess amount, applying a prescribed rate as detailed in the accompanying table. The Central Government has issued this exemption in the public interest, exercising powers under the Customs Act and the Finance Bill.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2021-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) read with clause 115 of the
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FAQ :

The notification aims to prescribe the effective rate of Agriculture Infrastructure and Development Cess for certain specified goods.

The authority is granted by sub-section (1) of section 25 of the Customs Act, 1962, read with clause 115 of the Finance Bill, 2021.

It exempts specified goods from the full amount of Agriculture Infrastructure and Development Cess, applying a calculated rate instead.

The Central Government has made this exemption in the public interest.

The details of the specified goods and the applicable cess rates are available in the Table within the attached notification file.

 

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