Basic Customs Duty amendments revise tariff entries, conditional exemptions and annexure obligations, with specified effective and expiry dates.
Notification amends No. 50/2017 Customs to revise Basic Customs Duty rates and tariff classifications by omitting, substituting and inserting numerous S. Nos.; introduces time limited conditional exemptions and a Table specifying validity dates under sub section (4A) of section 25; updates the ANNEXURE by omitting and substituting Conditions, adds new Conditions including Kimberley Process certification and rare disease import certification, and restructures obligations for specified persons including transfer and disposal procedures; many changes carry specified future effective or expiry dates.

Countervailing duty rescission on stainless steel imports cancels prior CVD notification while preserving actions already completed.
The Central Government, exercising powers under section 9 of the Customs Tariff Act and rules 20 and 22 of the relevant Rules, rescinds the notification imposing countervailing duty on certain hot and cold rolled stainless steel flat products originating in or exported from China PR, subject to a savings provision preserving actions or omissions taken before rescission.

Tariff value fixation for specified edible oils, brass scrap, gold, silver and areca nut updated effective February first.
Substitutes TABLE-1, TABLE-2 and TABLE-3 of the principal Customs (N.T.) notification to fix tariff values for specified goods: edible oils (various palm and soybean oil grades), brass scrap (all grades), specified forms of gold and silver (with explanatory scope limits), and areca nut. The substituted tables prescribe tariff values in US dollars per metric tonne or per unit for each listed entry and the amendment comes into force on the notification's stated effective date.

Presidential Awards for Specially Distinguished Service conferred under the statutory awards scheme to CBIC officers.
Presidential appreciation certificates and medals for Specially Distinguished Record of Service were conferred on CBIC officers and staff by official notification, naming recipients across Directorates and Zones. The awards are granted under Clause (a)(ii) of Para 1 of the statutory Scheme published in Notification No. 12/139/59-Ad.III.B (5 November 1962), as amended, and issued by the Department of Revenue, Ministry of Finance, for administrative recording and implementation.

Anti-dumping duty on axles for trailers from China continues with differentiated duties and anti-circumvention coverage.
Imposition of anti-dumping duty on 'Axles for Trailers' under tariff heading 8716, including semi knocked down and completely knocked down forms, originating in or exported from the People's Republic of China and certain imports exported via other countries. Duties are differentiated by producer and trade route as specified in the annexed table; they are to be calculated per unit in the specified currency but paid in Indian currency with exchange rate and relevant date determined by separate notifications. The duty is effective from publication for five years unless earlier revoked, suspended or amended.

Anti-dumping duty revocation on PVC Flex Films removes earlier levy under Customs Tariff, rescinding prior notification.
Anti-dumping duty on PVC Flex Films is revoked under the Customs Tariff framework, rescinding the earlier notification that imposed the levy on imports of PVC Flex Films originating in the specified foreign territory, while preserving validity of actions taken or omissions before the rescission.

Common Adjudicating Authority appointment assigns officers to adjudicate specified show cause notices under the Customs Act.
Appointment of a Common Adjudicating Authority by the Principal Director General, Directorate of Revenue Intelligence, designating officers to act in place of named proper officers to adjudicate specified show cause notices against listed noticees, as set out in the Table and pursuant to prior Customs notifications and statutory authority under the Customs Act.

Exchange rate determination for customs sets specified import and export currency conversion rates effective January, superseding prior notification.
Determines exchange rates for customs conversion of specified foreign currencies into Indian rupees and vice versa, superseding a prior notification and fixing separate rates for imported and exported goods effective from the operative date stated; Schedule I provides per unit rates for listed currencies and Schedule II provides rates per one hundred units for specified currencies, to be used for customs valuation and related purposes.

Customs duty exemption for specified tournament imports subject to certificate, re export obligation, and utilisation certificate requirements.
Exempts specified goods imported for organising the AFC Women's Asian Cup India, 2022, from the whole of the duty of customs and from the whole of the integrated tax under the Customs Tariff Act, where imports are made by the event organiser, subject to production of a certificate from the Director or Deputy Secretary (Sports) at clearance and an undertaking that goods (excluding gift items, souvenirs and mementoes) will be re exported within three months and a utilisation certificate for consumed goods will be furnished within three months of the event's conclusion.

Tariff value fixation updated for specified edible oils, metals and areca nut, altering customs valuation and import assessment.
Amendment substitutes revised tariff value tables under section 14(2) of the Customs Act, 1962, specifying updated per metric tonne values for listed edible oils and brass scrap, per unit values for defined forms of gold and silver with scope explanations, and an entry for areca nut; the revised TABLE 1, TABLE 2 and TABLE 3 replace the earlier tables and the notification takes effect the day after publication.

Anti-dumping duty rescission removes ADD on colour coated flat steel from specified origins under Customs Tariff Act authority.
The Central Government, under section 9A of the Customs Tariff Act, 1975 and rules 18 and 23 of the 1995 Anti-dumping Rules, rescinds Notification No. 49/2017-Customs (ADD) thereby removing the anti-dumping duty on colour coated / pre-painted flat products of alloy or non-alloy steel originating in or exported from China PR and the European Union, with the rescission not affecting things done or omitted before its issuance.

Revocation of anti-dumping duty on R-134a imports from China PR rescinds the prior notification and withdraws the ADD obligation.
The Central Government revokes the anti-dumping duty on 1,1,1,2-Tetrafluoroethane (R-134a) originating in or exported from China PR and rescinds Notification No. 30/2016-Customs (ADD), subject to a saving for actions or omissions done before such rescission, thereby withdrawing the applicable ADD obligation for future imports from that origin.

Exchange rate determination for customs: specified foreign currency conversion rates apply to imports and exports from 7 January 2022.
The Central Board determines foreign exchange conversion rates under section 14 of the Customs Act, 1962, superseding the earlier notification and declaring that, with effect from 7 January 2022, the rates set out in the annexed Schedule I (unit rates for specified currencies) and Schedule II (rates per 100 units for specified currencies) shall apply to conversion between foreign currencies and Indian rupees for imported and export goods, with protection for actions prior to supersession.

Exchange rate update for Turkish Lira adjusts import and export valuation under Customs Notification, effective early January.
Amendment substitutes the Schedule I entry for Turkish Lira in the Customs Notification, specifying distinct rupee equivalences for imported goods and export goods to be applied for customs valuation; the Board exercises its statutory power to notify revised exchange rates and the substitution takes effect from the stated effective date.