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Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are being allowed to lapse with effect from 30.9.2024.
(a) The following entries of notification no. 50/2017-Customs dated 30.6.2017 are being allowed to lapse with effect from 30.9.2024:
S. No. | Description | |
1. | 478 | Wireless apparatus, accessories and parts as specified in List 29 imported by a licensed amateur radio operator |
2. | 353 | Foreign currency coins when imported into India by a Scheduled Bank |
3. | 387 | Zinc metal recovered by toll smelting or toll processing from zinc concentrates exported from India for such processes |
4. | 441 | Spinnerettes made inter alia of Gold, Platinum and Rhodium or any one or more of these metals, when imported in exchange of worn-out or damaged spinnerettes exported out of India |
5. | 238 | Organic/inorganic Coating material for manufacture of electrical steel |
6. | 254 | Catalyst for manufacture of cast components of Wind Operated Electricity Generator |
7. | 255 | Resin for manufacture of cast components of Wind Operated Electricity Generator |
8. | 277A | Calendared plastic sheet for manufacturing of Smart Card under chapter heading 8523 |
9. | 339 | Concessional rate on import of Toughened glass with low iron content and transmissivity of minimum 91% and above, for use in manufacture of solar thermal collectors or heaters |
10. | 421 | Specified goods required for basic telephone service, cellular mobile telephone service, internet service or closed users’ group 64 KBPS domestic data network via INSAT satellite system service and parts, for manufacture of the goods |
11. | 479 | Mono or Bi polar Membrane electrolysers and parts thereof including secondary brine purification components, jumper switches, filtering elements for hydrogen filters for caustic soda or potash units; Membrane and parts thereof or other parts for caustic soda or potash units; |
12. | 475 | Specified goods including scramblers, descramblers, encoders, decoders, jammers, network firewalls, network sniffers, scanners and monitoring systems, probes for data monitoring and SMS/MMS monitoring systems |
13. | 482 | Newspaper page transmission and reception facsimile system or equipment; and Telephoto transmission and reception system or equipment |
14. | 495 | Batteries for electrically operated vehicles, including two and three wheeled electric motor vehicles. |
15. | 497 | Active Energy Controller (AEC) for use in manufacture of Renewable Power System (RPS) inverters |
16. | 579 | Survey (DGPS) instruments, 3D modeling software for ore body simulation cum mine planning and exploration (geophysics and geochemistry) equipment required for surveying and prospecting of minerals |
17. | 419 | Aluminium Oxide for manufacture of washcoat of catalytic converter |
18. | 420 | Clay 2 powder for use in ceramic substrate for catalytic convertor |
19. | 340 | Solar tempered glass or solar tempered (anti-reflective coated) glass for use in manufacture of solar cells/panels/modules |
20. | 565 | Specified goods for use in the manufacture of Flexible Medical Video Endoscope [heading 9018] |
21. | 566 | Specific input goods for manufacture of syringes, needles, catheters and cannulae |
22. | 568 | Parts and components for manufacture of blood pressure monitors and blood glucose monitoring system (Glucometers) |
Note: Description of entries is indicative. Notification may be referred to for complete description.
(b) The following notifications are being allowed to lapse with effect from 30.9.2024:
S. No | Notification No. | Description |
1. | Exempts BCD and additional duty under Sections 3(1), 3(3) and 3(5) on standard gold bars imported by a RBI authorised bank | |
2. | Provides full exemption from BCD to second-hand computers/accessories and peripherals received as donation by schools, charitable institutions. | |
3. | Provides exemption from Special Additional Duty (SAD) levied vide section 3(5) of CTA on to all goods imported for subsequent sale when IGST, CGST, SGST or UTGST paid by importer. | |
4. | Provides exemption from Special Additional Duty levied under Section 3(5) of CTA on goods cleared from SEZ to DTA. | |
5. | Provides exemption to imports of duty-paid fuel and lubricating oil on aircrafts taken during the outward flight; goods imports by United Arab Airlines; aircraft engines, spares imported by Indian Airlines and Air India International. Re-import entries will operate from re-import notification 45/2017-Cus | |
6. | Provides exemption from import duty under the Sea Customs Act on catering cabin equipment, food and drink on re-importation by aircrafts of the Indian Airlines Corporation from foreign flights |
Note: Description of entries is indicative. Notification may be referred to for complete description.
Full Text:
Customs duty exemptions lapse removing concessional import treatments across multiple sectors and specified notification-based exemptions. Customs duty exemptions and concessional notifications listed in earlier customs instruments are being allowed to lapse, removing specified concessional import treatments. Affected provisions include selected entries of notification No. 50/2017-Customs covering inputs and equipment for sectors such as solar manufacturing, electric vehicles, medical devices, telecommunication equipment, and certain industrial catalysts, and several standalone notifications granting exemptions for gold imports by banks, donated second-hand computers, SAD-related exemptions, SEZ to DTA transfers, and aviation re-imports.Press 'Enter' after typing page number.
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