Effective rates of customs duty and IGST for goods imported into India - Revise/provide exemption(s) on the specified goods - Seeks to further amend notification No. 50/2017-Customs, dated the 30th June, 2017. - 02/2023 - Customs -Tariff
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Customs duty schedule amendment: tariff rate revisions and targeted import exemptions with conditional testing agency concessions. The notification amends the customs tariff schedule to add and revise concessional tariff entries, adjust effective duty rates, and insert time bound provisos. It strengthens conditional concessions by deleting and substituting Annexure conditions, provides a new testing agency concession requiring certification, bond, testing/re export or approved destruction, recordkeeping and reporting, and inserts Lists specifying eligible vehicle parts and approved testing agencies.
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Customs duty schedule amendment: tariff rate revisions and targeted import exemptions with conditional testing agency concessions.
The notification amends the customs tariff schedule to add and revise concessional tariff entries, adjust effective duty rates, and insert time bound provisos. It strengthens conditional concessions by deleting and substituting Annexure conditions, provides a new testing agency concession requiring certification, bond, testing/re export or approved destruction, recordkeeping and reporting, and inserts Lists specifying eligible vehicle parts and approved testing agencies.
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