Amendment to Para 4.63 of FTP-2023

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....-reg S.O.(E): In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.02 of the Foreign Trade Policy, 2023 (as amended from time to time), the Central Government hereby amends Para 4.63 of FTP-2023, with immediate effect, as under: Para No. Existing Para Revised Para 4.63 Imports under Diamon....

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.... (7), of section 3 of the Customs Tariff Act, 1975 (51 of 1975). Effect of the Notification: The reference in Para 4.63 of FTP 2023 to exemption from Compensation Cess leviable under sub-section (9) of section 3 of the Customs Tariff Act, 1975 stands omitted, Compensation Cess having been discontinued with effect from 01.02.2026 on the recommendation of the GST Council in its 56th Meeting. Exem....