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        CUSTOMS DUTY EXEMPTIONS / CONCESSIONS BEING ALLOWED TO LAPSE

        24 July, 2024

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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.

        S N of 50/2017 Customs

        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.

        97/99-Customs dated 21 July 1999

        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.

        30/2004-Customs dated 28 January 2004

        Provides full exemption from BCD to second-hand computers/accessories and peripherals received as donation by schools, charitable institutions.

        3.

        102/2007-Customs dated 14 September 2017

        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.

        45/2005-Customs dated 16 May 2005

        Provides exemption from Special Additional Duty levied under Section 3(5) of CTA on goods cleared from SEZ to DTA.

        5.

        151/94-Customs dated 13 July 1994

        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.

        26-Customs dated 19th February 1962

        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:

        Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024

        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.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order 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.





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                              Topics

                              ActsIncome Tax
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