Seeks to amend notification No. 50/2017-Customs to give effect to the recommendation of the 53rd GST Council meeting.

Seeks to amend notification No. 50/2017-Customs to give effect to the recommendation of the 53rd GST Council meeting. https://www.taxtmi.com/notifications?id=142158 Amendment inserts entry 544A allowing concessional treatment for components and parts listed in OEM manuals when imported for servicing, repair, maintenance or overhauling, and inserts entry 613 granting a time limited nil duty exemption for equipment and buoys for the RAMA programme; Condition 118 requires a Ministry of Earth Sciences certificate and execution of a bond obliging re export within two years (extendable by one year) and payment of integrated tax with interest on breach. en-us Fri, 12 Jul 2024 00:00:00 +0530 Wed, 24 Jul 2024 16:12:00 +0530 TaxTMI RSS Generator Seeks to amend notification No. 50/2017-Customs to give effect to the recommendation of the 53rd GST Council meeting. https://www.taxtmi.com/notifications?id=142158 Amendment inserts entry 544A allowing concessional treatment for components and parts listed in OEM manuals when imported for servicing, repair, maintenance or overhauling, and inserts entry 613 granting a time limited nil duty exemption for equipment and buoys for the RAMA programme; Condition 118 requires a Ministry of Earth Sciences certificate and execution of a bond obliging re export within two years (extendable by one year) and payment of integrated tax with interest on breach. Notifications Customs Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142158