Notification No.50/2017-Customs amends S. No. 404 IGST rate to 18% for specified petroleum and CBM imports effective 22 Sep 2025

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Full Text of the Document

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....The government amended Notification No. 50/2017-Customs to revise the IGST rate for the entry at S. No. 404, substituting the existing rate in column (5) with 18%, applicable to imports of specified goods by a specified person in connection with petroleum operations or coal bed methane; the amendment takes effect on 22 September 2025. The change is made under the Customs Act, 1962 and the Customs Tariff Act, 1975 and further modifies the principal notification as previously amended.....