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

Last updated: 01 February 2021

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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 Finance Bill, 2021 (15 of 2021), which, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), has the force of law, the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in column (3) of the Table below and falling within the Chapter, heading or sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in column (2) of the said Table, from so much of the Agriculture Infrastructure and Development Cess leviable thereon under the said clause of the Finance Bill, 2021, as is in excess of the amount calculated at the rate specified in column (4) of the said Table.

Please refer to the attached file for details.

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.

Notification No : 11/2021-Customs
Source : https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs11-2021.pdf

Attached File : 322600_9971_cs11_2021.pdf

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