Seeks to rescind notification No. 02/2020 – Customs (CVD) dated 9th October, 2020.


Quick Summary
The Government of India has rescinded Customs Notification No. 02/2020 (CVD), which was originally issued on 9th October 2020. This rescission, made under the powers of the Customs Tariff Act, 1975, takes effect from 2nd February 2021. It means the provisions of the earlier notification are no longer in force, except for actions already completed or missed before this date.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

NOTIFICATION No. 01/2021-CUSTOMS (CVD)

New Delhi, the 1st February, 2021

G.S.R. … (E).- In exercise of the powers conferred by sub-section (2) of section 9 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 02/2020-Customs (CVD), dated the 9 th October, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i) vide number G. S. R. 623 (E), dated the 9 th October, 2020, except as respects things done or omitted to be done before such rescission.

2. This notifications shall come into force on the 2nd February, 2021.

[F. No. 334/02/2021-TRU]

(Rajeev Ranjan)

Under Secretary to the Government of India.

FAQ :

The main purpose is to officially rescind, or cancel, Customs Notification No. 02/2020 (CVD).

This notification comes into force on the 2nd February 2021.

Customs Notification No. 02/2020 (CVD), dated 9th October 2020, is being rescinded.

No, the rescission does not affect things that were done or omitted to be done before the effective date of 2nd February 2021.

This notification is rescinded in exercise of the powers conferred by sub-section (2) of section 9 of the Customs Tariff Act, 1975.

 

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