Streamlining and Integration of Customs Exemption Notifications into a Single Unified Notification.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eamlining and Integration of Customs Exemption Notifications into a Single Unified Notification. Attention of Importers, Customs Brokers and all other stakeholders is drawn towards Notification No. 45/2025-Customs dated 24.10.2025 issued by Ministry of Finance (Dept. of Revenue). 2. The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2025- Customs, dated 24 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on promoting phased rationalisation wherein several transitional exemptions will expire by 31st March 2026 while some exemptions have been extended up to 31st March 2029. 4. The Structure of the Notification No. 45/2025- Customs dated 24.10.2025 can be categorized into following broader terms a) Tables: The Notification consolidates multiple exemption lists into four comprehensive Tabl....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... particular Sl. No. for which the exemption has been claimed (e.g., List 1 appended to Table 1 covers goods specified for use in the processing of seafood). The Lists majorly focuses on Sectoral concession (e.g., telecom, solar, medical devices). d) Explanations: For the purpose of the said Notification, relevant entry, or condition, and to remove any doubt, explanations have been provide....