CHANGES IN CUSTOMS
The Finance Minister has introduced the Finance
Bill, 2022 in Lok Sabha today, that is 1st February, 2022. Changes in Customs,
Central Excise, GST law and rates have been proposed through the Finance Bill,
2022.
To prescribe effective
rates of duty, following notifications are being issued:
|
|
Notification /Circular Nos. |
Date |
|
Customs (Tariff) |
02/2022-Customs to
15/2022-Customs |
1st
February, 2022 |
|
Customs (Non-Tariff) |
07/2022-Customs (N.T.) |
1st
February, 2022 |
|
Customs (ADD) |
05/2022-Customs (ADD) to 07/2022- Customs(ADD)
|
1st
February, 2022 |
|
Customs (CVD) |
01/2022-Customs(CVD) |
1st
February, 2022 |
|
Central Excise |
01/2022-Central Excise |
1st
February, 2022 |
|
Central Excise (N.T.) |
01/2022-Central Excise (N.T.) |
1st
February, 2022 |
|
Circular
(Central Excise) |
1082/03/2022-CX |
1st
February, 2022 |
|
Circular (Customs) |
3/2022-Customs |
1st
February, 2022 |
Unless otherwise stated, all changes in rates of
duty will take effect from the midnight of 1st February/ 2nd February, 2022. A
declaration has been made under the Provisional Collection of Taxes Act, 1931
in respect of clause 97 (a) of the Finance Bill, 2022 so that changes proposed
therein take effect from the midnight of 1st February/ 2nd February, 2022. The
remaining legislative changes would come into effect only upon the enactment of
the Finance Bill, 2022 or from 1st May, 2022.
This
document summarises the changes made/ proposed under the Customs and Excise –
Section wise in comparative manner for easy digest.
Highlights of Important Changes in Customs
Ø A
comprehensive review of Customs duty exemptions has been undertaken through a
process involving crowd sourcing and inputs from various ministries. In this
context, about 350 exemptions are being withdrawn.
Ø Further, after
a detailed review of customs duty exemptions on capital goods and project
imports, more than 40 exemptions relating thereto are proposed to be gradually
phased out.
Ø Certain
exemptions are being introduced for duty free import of specified goods by
bonafide exporter of items like handicraft, apparel, leather goods. The value
added export goods shall be exported in six months and exporter shall follow
IGCR Rules.
Ø Custom tariff
structure is being simplified by moving the unconditional concessional rates
from existing exemption notifications to the First Schedule of Customs Tariff
Act. In this process, certain tariff lines and rates have also been
rationalised. As a result, applicable BCD rates on sectors such as textiles,
chemicals, metals etc. will operate almost entirely through tariff.
Ø Sunset date is
being stipulated as per section 25(4A) of the Customs Act, 1962 in respect of
conditional exemption entries in respective notifications. This section, as
brought in last year, prescribes validity period of conditional exemptions.
Certain exemptions, like international commitments such as FTA, ITA,
concessions emanating from FTP like Advance Authorisation, and concessions
under Phased Manufacturing Programmes (PMP) have been excluded from the purview
of automatic expiry.
Ø Graded import
duty rate structure is being notified to operationalise Phased Manufacturing
Plan for wearables, hearables and smart meters.
Ø Significant
legislative changes in the Customs Act are being made, particularly as regards
to specifying class of officers and assignment of function and jurisdiction of
the proper officers. Certain actions by such officers of Customs, taken in
past, are being validated through the Finance Bill, 2022.
Ø Revised IGCR
Rules is being notified to make the entire process digital andtransparent.
Important changes in respect of
Customs and Central Excise duty (including cesses) are = as detailed below:
(i)
Customs duty
rate changes: The change in the rates of duty, tariff rates, omission
of certain exemption and amendments in certain exemptions, conditions to
exemptions, clarifications relating to applicability of SWS etc.
(ii)
Tarrifisation: An exhaustive
exercise has been carried out for simplification of tariff structure.
Unconditional concessional rates prescribed through various notifications are
being moved to Tariff (First) Schedule in the Customs Tariff Act. These changes
in tariff rate shall come into effect from 1st May, 2022. Accordingly, the
respective entries in the concerned notifications will be omitted with effect
from the 1st May, 2022. The duty rates on such item shall then operate through
First Schedule of Customs Tariff Act, 1975. It may however be noted that
certain rate changes in the Customs Tariff are coming into effect immediately
by virtue of declaration under the Provisional Collection of Taxes Act.
(iii)
Legislative
changes in the Customs Act, Customs Tarff Act and Rules made thereunder:
a) Certain significant changes are being made in
the Customs Act. The definition of 'proper officer' is being modified; officers
of DRI, Audit and Preventive formation are being specifically included in the
class of officers of Customs; explicit provision is being made for assigning
functions to officer of Customs by the Board or Pr. Commissioner/Commissioner
of Customs; concurrent jurisdiction is being provided for in certain
circumstance, as the Board may specify; explicit provision is being made to
delineate jurisdiction on cases involving short levy/payment of duty or
erroneous refund etc. and to provide for concurrent exercise of powers.
Further, enabling provisions are being added to tackle the menace of systemic
undervaluation. Procedures with respect to Advance Ruling are being
rationalised. A section is being added to make unauthorised publication of import
or export data, an offence under the Customs Act.
b) In a major trade facilitation measure the
Import of Goods Concessional Rate of Duty (IGCR) Rules,2017 have been
comprehensively revised. End-to-end automation is being introduced in the
entire process; various forms are being standardized and any transaction based
permissions or intimations are being done away with. Periodical statement under
these rules shall also be submitted on the common portal
Proposed Amendments in the Customs
Act, 1962 (“the Customs Act”)
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Current provisions |
Proposed provisions |
Effect of changes made |
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Clause 85 - Section – 2(34) (Definitions) |
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(34) "proper
officer", in relation to any functions to be performed under this Act,
means the officer of customs who is assigned those functions by the Board or
the Principal Commissioner of Customs or Commissioner of Customs; |
“(34)
"proper officer", in relation to any functions to be performed
under this Act, means the officer of customs who is assigned those functions
by the Board or the Principal Commissioner of Customs or Commissioner of
Customs under section 5.” |
Clause (34) of section 2 contains
definition of “proper officer”. This section is being modified to
specifically state that assignment of functions to an officer of Customs by
the Board or the PrincipalCommissioner of Customs or the Commissioner of
Customs shall be done under the newly inserted sub-sections (1A) and (1B) of
Section 5in the Customs Act, 1962 (52 of 1962). |
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Clause 86 - Section - 3 (Officers of Customs) |
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There shall be the following classes of officers of customs,
namely :- (a) Principal Chief Commissioners of Customs; (b) Chief Commissioners of Customs; (c) Principal Commissioners of Customs; (d) Commissioners of Customs; (e) Commissioners of Customs (Appeals); (f) Joint Commissioners of Customs; (g) Deputy Commissioners of Customs; (h) Assistant Commissioners of Customs;
(i) such other class of officers of customs as
may be appointed for the purposes of this Act. |
“There shall be the following classes of officers of
customs, namely:–– (a) Principal Chief Commissioner of
Customs or Principal Chief Commissioner of Customs (Preventive) or Principal
Director General of Revenue Intelligence; (b) Chief Commissioner of Customs or
Chief Commissioner of Customs (Preventive) or Director General of Revenue
Intelligence; (c) Principal Commissioner of Customs
or Principal Commissioner of Customs (Preventive) or Principal Additional
Director General of Revenue Intelligence or Principal Commissioner of Customs
(Audit); (d) Commissioner of Customs or Commissioner
of Customs (Preventive) or Additional Director General of Revenue
Intelligence or Commissioner of Customs (Audit); (e) Principal Commissioner of Customs
(Appeals); (f)
Commissioner of Customs (Appeals); (g) Additional Commissioner of Customs
or Additional Commissioner of Customs (Preventive) or Additional Director of
Revenue Intelligence or Additional Commissioner of Customs (Audit); (h) Joint Commissioner of Customs or
Joint Commissioner of Customs (Preventive) or Joint Director of Revenue
Intelligence or Joint Commissioner of Customs (Audit); (i)
Deputy Commissioner of Customs or Deputy Commissioner of Customs
(Preventive) or Deputy Director of Revenue Intelligence or Deputy
Commissioner of Customs (Audit); (j)
Assistant Commissioner of Customs or Assistant Commissioner of
Customs (Preventive) or Assistant Director of Revenue Intelligence or
Assistant Commissioner of Customs (Audit); (k) such other class of officers of
customs as may be appointed for the purposes of this Act.”.” |
Section
3 is being amended to specifically include the officers of DRI, Audit and
Preventive formation in the class of Officers. This amendment has been made
to remove any ambiguity as regards the class of officers of Customs.
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Clause 87 - Section - 5 (Powers of officers of customs) |
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……… |
New
sub-section inserted after sub-section (1) in Section 5: “(1A) Without prejudice to
the provisions contained in sub-section (1), the Board may, by notification,
assign such functions as it may deem fit, to an officer of customs, who shall
be the proper officer in relation to such functions. (1B) Within their jurisdiction
assigned by the Board, the Principal Commissioner of Customs or Commissioner
of Customs, as the case may be, may, by order, assign such functions, as he
may deem fit, to an officer of customs, who shall be the proper officer in
relation to such functions.” |
Sub-Section
(1A) and 1(B) to Section 5 have been inserted in section 5 of the Customs Act
to explicitly provide power of assignment of function to officers of customs
by the Board or as the case may be by the Principal Commissioner of Customs or
Commissioner of Customs. This amendment has been necessitated to correct the
infirmity observed by the Courts in
recent judgments that the Act required explicit provision conferring powers
for assignment of function to officers of Customs as “proper officers” for
the purposes of the Act, besides the definition clause (34) in section 2 of
the Customs Act. |
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……….. |
New
sub-section inserted after Section 5: “(4) In specifying the
conditions and limitations referred to in sub-section (1), and in assigning
functions under sub-section (1A), the Board may consider any one or more of
the following criteria, including, but not limited to–– (a)
territorial jurisdiction; (b)
persons or class of
persons; (c)
goods or class of goods; (d)
cases or class of cases; (e)
computer assigned random
assignment; (f)
any other criterion as the
Board may, by notification, specify. |
Sub-section
(4) to Section 5 is being inserted to delineate the criteria which the Board
may adopt while imposing limitations or conditions under sub-section (1) or
while assigning functions under sub-section (1A) to the officer of Customs.
For instance, one of the limitations/ conditions that the Board currently
imposes on “officers of Customs” is that they are required to operate within
a specified territorial jurisdiction. However, with the launch of faceless
assessments and other trade facilitation initiatives wherein, for instance, a
need is felt for the development of industry-specific expertise in
assessments the Board may need to confine jurisdiction to certain goods or
class of goods. |
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New
sub-section inserted under Section 5: (5) The Board may, by
notification, wherever necessary or appropriate, require two or more officers
of customs (whether or not of the same class) to have concurrent powers and
functions to be performed under this Act |
Sub-section
(5) to Section 5 is being inserted to ensure that wherever necessary, for the
proper management of work, two or more officers of customs, can concurrently
exercise powers and functions (for example in the case of faceless
assessment) |
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Clause 88 - Section 14 – Valuation of goods |
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……… |
New
sub-section inserted after Section 14(iii): “(iv) the additional obligations of the importer in
respect of any class of imported goods and the checks to be exercised,
including the circumstances and manner of exercising thereof, as the Board
may specify, where, the Board has reason to believe that the value of such
goods may not be declared truthfully or accurately, having regard to the
trend of declared value of such goods or any other relevant criteria”. |
Section 14 is being amended to include
provisions for rules enabling the Board to specify the additional obligations
of the importer in respect of a class of imported goods whose value is not
being declared correctly, the criteria of selection of such goods, and the
checks in respect of such goods. This amendment is a measure to address the
issue of undervaluation in imports.
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Clause 89 - Section 28E- Definitions |
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In this Chapter, unless the context otherwise requires, - (b) “advance ruling” means a written decision on any of the
questions referred to in section 28H raised by the applicant in his application
in respect of any goods prior to its importation or exportation; (c) “applicant” means any person,- (i) holding a valid Importer-exporter Code
Number granted under section 7 of the Foreign Trade (Development and
Regulation) Act, 1992 (22 of 1992); or (ii) exporting any goods to India; or (iii) with a justifiable cause to the
satisfaction of the Authority, who makes an application for advance ruling under section 28H;]
Explanation.-For the purposes of this clause, "joint
venture in India" means a contractual arrangement whereby two or more
persons undertake an economic activity which is subject to joint control and
one or more of the participants or partners or equity holders is a
non-resident having substantial interest in such arrangement; (d) "application" means an application made to the
Authority under sub-section (1) of section 28H; (e) “Authority” means the Customs Authority for Advance Rulings
appointed under section 28EA; (h) "non-resident", "Indian company" and
"foreign company" have the meanings respectively assigned to them
in clauses (30), (26) and (23A) of section 2 of the Income-tax Act, 1961 (43
of 1961). |
In this Chapter, unless the context otherwise requires, - (b) “advance ruling” means a written decision on
any of the questions referred to in section 28H raised by the applicant in
his application in respect of any goods prior to its importation or
exportation; (c) “applicant” means any person,- (i) holding a valid Importer-exporter Code
Number granted under section 7 of the Foreign Trade (Development and
Regulation) Act, 1992 (22 of 1992); or (ii) exporting any goods to India; or (iii) with a justifiable cause to the
satisfaction of the Authority, who makes an application for advance ruling under section 28H;
(d) "application" means an application made to the
Authority under sub-section (1) of section 28H; (e) “Authority” means the Customs Authority for Advance Rulings
appointed under section 28EA;
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Section
28E is being amended to omit the Explanation under clause (c) and omit clause
(h).
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Clause 90 - Section – 28H (Application for advance ruling) |
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(1) An applicant desirous of
obtaining an advance ruling under this Chapter may make an application in
such form and in such manner as may be prescribed, stating the question on
which the advance ruling is sought. |
(1) An
applicant desirous of obtaining an advance ruling under this Chapter may make
an application in such form and in such manner and
accompanied by such fee as may be
prescribed, stating the question on which the advance ruling is sought. |
Section
28H is being amended to make provisions for prescribing appropriate fees by
Board relating to application for advance Ruling and also give flexibility to
the applicant to withdraw his application at any time before a ruling is
pronounced from the current 30 days’ time period. Consequently, the
sub-section (3) is being omitted. |
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(3) The application shall be made
in quadruplicate and be accompanied by a fee of ten thousand rupees |
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(4) An applicant may withdraw his
application within thirty days from the date of the application. |
(4) An
applicant may withdraw his application within thirty days from the date of
the application at any time before an advance ruling is pronounced. |
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Clause 91 - Section – 28I (Procedure on receipt of application) |
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“(7) A copy of the advance ruling
pronounced by the Authority, duly signed by the Members and certified in the
prescribed manner shall be sent to the applicant and to the Principal
Commissioner of Customs or Commissioner of Customs, as soon as may be, after
such pronouncement. “ |
“(7) A copy of the advance ruling pronounced by the Authority,
duly signed |
Sub-section
(7) under section 28I is being substituted so as to remove the word “Members”
and also make changes accordingly.
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Clause 92 - Section – 28J (Applicability of advance ruling) |
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“(2) The advance ruling referred to
in sub-section (1) shall be binding as aforesaid unless there is a change in
law or facts on the basis of which the advance ruling has been pronounced. “ |
“(2) The advance ruling referred to
in sub-section (1) shall remain valid for three years or till there is a
change in law or facts on the basis of which the advance ruling has been
pronounced, whichever is earlier: Provided that in respect of any
advance ruling in force on the date on which the Finance Bill, 2022 receives
the assent of the President, the said period of three years shall be reckoned
from the date on which the said Finance Bill receives the assent of the
President.” |
Sub-section
(2) under Section 28J is being substituted so that advance ruling under
sub-section (1) of Section 28J is now valid for a period of three years or
till there is a change in law or facts on the basis of which the advance
ruling has been pronounced, whichever is earlier. A proviso is also being
inserted to provide that the advance rulings in force on the date on which
the Finance Bill, 2022 receives assent of the President, the said period of
three years shall be reckoned from the date on which the Finance Bill
receives assent of the President.
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Clause 93 - Section – 110AA (Action subsequent to inquiry,
investigation or audit or any other specified purpose) |
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………… |
New
Section inserted after Section 110A: “110AA. Where in pursuance of any
proceeding, in accordance with Chapter XIIA or this Chapter, if an officer of
customs has reasons to believe that–– (a) any duty has been
short-levied, not levied, shortpaid or not paid in a case where assessment
has already been made; (b) any duty has been
erroneously refunded; (c) any drawback has
been erroneously allowed; or (d) any interest has
been short-levied, not levied, short-paid or not paid, or erroneously
refunded, then such officer of customs shall,
after causing inquiry, investigation, or as the case may be, audit, transfer
the relevant documents, along with a report in writing– (a) to the proper
officer having jurisdiction, as assigned under section 5 in respect of assessment
of such duty, or to the officer who allowed such refund or drawback; or (b) in case of
multiple jurisdictions, to an officer of customs to whom such matter is
assigned by the Board, in exercise of the powers conferred under section 5, and thereupon, power exercisable
under sections 28, 28AAA or Chapter X, shall be exercised by such proper
officer or by an officer to whom the proper officer is subordinate in
accordance with sub-section (2) of section 5.” |
Section
110AA is being inserted with a view to affirm the principle that, wherever,
an original function duly exercised by an officer of competent jurisdiction,
is the subject matter of a subsequent inquiry, investigation , audit or any
other specified purpose by any other officer of customs, then, notwithstanding,
such inquiry, investigation, audit or any other purpose, the officer, who
originally exercised such jurisdiction shall have the sole authority to
exercise jurisdiction for further action like reassessment, adjudications,
etc. consequent to the completion of such inquiry, investigation, audit or
any other purpose.
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Clause 94 - Section – 135AA (Protection of data) |
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…………. |
New
Section inserted after Section 135A: “135AA. (1) If a person publishes any
information relating to the value or classification or quantity of goods
entered for export from India, or import into India, or the details of the
exporter or importer of such goods under this Act, unless required so to do
under any law for the time being in force, he shall be punishable with
imprisonment for a term which may extend to six months, or with fine which
may extend to fifty thousand rupees, or with both. (2) Nothing contained in this section
shall apply to any publication made by or on behalf of the Central
Government. Explanation. –– For the purposes of
this section, the expression “publishes” includes reproducing the information
in printed or electronic form and making it available for the public.” |
Section
135AA is being inserted to protect the import and export data submitted to
Customs by importers or exporters in their declarations by making the
publishing of such information unless provided by the law, as an offence
under Customs Act.
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Clause 95 - Section – 137 (Cognizance of offences) |
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“(1) No court shall take cognizance
of any offence under section 132, section 133, section 134 or section 135 or
section 135A, except with the previous sanction of the Principal Commissioner
of Customs or Commissioner of Customs.” |
“(1) No court shall take cognizance
of any offence under section 132, section 133, section 134 or section 135 or
section 135A or section 135AA,
except with the previous sanction of the Principal Commissioner of Customs or
Commissioner of Customs.” |
Section
137 is being amended so as to provide that, no court shall take cognizance
of any offence w.r.t. protection of the import and export data submitted to
Customs by importers or exporters in their declarations without sanction of
the Principal Commissioner/ Commissioner of Customs. |
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Clause 96 - Validation of certain actions taken under Customs
Act |
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……… |
“Notwithstanding anything contained in any
judgment, decree or order of any court, tribunal, or other authority, or in
the provisions of the Customs Act- (i) anything done or any duty performed or any action
taken or purported to have been taken or done under Chapters V, VAA, VI, IX,
X, XI, XII, XIIA, XIII, XIV, XVI and XVII of the Customs Act, as it stood
prior to its amendment by this Act, shall be deemed to have been validly done
or performed or taken; (ii) any notification issued under the Customs Act for
appointing or assigning functions to any officer shall be deemed to have been
validly issued for all purposes, including for the purposes of section 6; (iii) for the purposes of this section, sections 2, 3
and 5 of the Customs Act, as amended by this Act, shall have and shall always
be deemed to have effect for all purposes as if the provisions of the Customs
Act, as amended by this Act, had been in force at all material times. Explanation.–– For the purposes of this section, it is
hereby clarified that any proceeding arising out of any action taken under
this section and pending on the date of commencement of this Act shall be
disposed of in accordance with the provisions of the Customs Act, as amended
by this Act.” |
A clause has been inserted in the
Finance Bill, 2022. This clause seeks to give validation to any action taken
or functions performed before the date of commencement of the Finance Act,
2022, under certain Chapters of the Customs Act by any officer of Customs, as
specified in Section 3 of the Customs Act, as amended, where such action was
in pursuance of their appointment and assigning of functions by the Central
government or the Board under the Customs Act.
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Proposed Amendments in the Customs
Tariff Act, 1975(“the
Customs Tariff Act”)
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AMENDMENTS IN FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT |
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In
the Customs Tariff Act, the First Schedule shall–– (a) be amended in the manner specified in the Second
Schedule to the Finance Bill, 2022 so as to revise the rates in respect of
certain tariff items with effect from the February 2, 2022 (b) W.e.f. the May 1, 2022, to be amended in the
manner specified in the Third Schedule to the Finance Bill, 2022, with a view
to harmonise certain entries with Harmonised System of Nomenclature to create
new tariff lines in respect of certain entries and to revise the rates in
respect of certain tariff items. |
Changes in the Customs Rules
Customs (Import of Goods at Concessional
Rate of Duty) Rules, 2017 (“the IGCR Rules”) are being
amended to provide the following facilities:
(a)
To introduce end to end
automation in the entire process. Requirement of submitting all the necessary
details electronically, through a common portal, is being brought out in the
Rules itself.
(b)
Standardizing and notifying the
various forms in which details are to be submitted electronically.
(c)
Leveraging the advantage of such
submissions electronically, the need for any transaction based permissions and
intimations are all being done away with.
(d)
Consequently, the procedure to
claim the notification benefit is being simplified and automated.
(e)
For effective monitoring of the
use of goods for the intended purposes, a Monthly Statement is being proposed which
is to be submitted by the importer on the Common Portal.
(f)
An option for voluntary payment
of the necessary duties and interest, through the Common Portal is being
provided to the importer
Duty concessions on specified items when imported by bonafide exporters
A scheme is being introduced for
bonafide exporters on duty-free imports for the purpose of use in goods meant
for export, based on end-use monitoring subject to the requirement of exporting
value added products manufactured using inputs imported under specified
exemptions, within a period of 6 months. Importer shall be required to follow
the procedure under the IGCR Rules.
Gist
of Various Customs and Central Excise Notifications
Following are the gist of the notifications which makes
amendment in Customs Tariff and Non-Tariff, with effect from midnight of
February 01, 2022.
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Customs
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S. No. |
Notification No. |
Description |
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1. |
Seeks to further amend notification No. 50/2017Customs dated
30th June, 2017 so as to prescribe
effective rate of Basic Customs Duty (BCD) |
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2. |
Seeks to further amend notification No. 11/2018Customs dated 2nd
February, 2018 so as to exempt certain
goods from Social Welfare Surcharge (SWS) and to withdraw SWS exemption on
certain textile items. |
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3. |
Seeks to rescind
notification Nos. 190/1978-Customs and 191/1978-Customs both dated 22th
September, 1978 prescribing additional duty of customs on imports of
transformer oil equivalent to such portion of the excise duty leviable on the
raw material commonly known as transformer oil base stock or transformer oil
feedstock. |
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4. |
Seeks to rescind
Notification Nos. 10/95-Customs, 26/99-Customs, 27/2004-Customs,
14/2006-Customs, 48/2006-Customs, 90/2007-Customs, 8/2011-Customs,
24/2011-Customs, 49/2013-Customs, 23/2014Customs, 37/2015-Customs, 11/2016-Customs,
20/2020-Customs, 40/2020-Customs which have become redundant. |
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5. |
Seeks to further amend Notification Nos. 52/2017Customs dated
30.06.2017 and 37/2017-Customs dated 30.06.2017 to remove entries which are being operated from the First Schedule to
the Customs Tariff Act and certain redundant entries. |
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6. |
Seeks to further amend Notification No. 82/2017Customs dated
27.10.2017 to prescribe effective rate
on certain Textile items upto 30.04.2022 |
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7. |
Seeks to amend Notification Nos. 104/2010-Customs,
38/96-Customs, 40/2017-Customs, 60/2011-Customs, 148/94-Customs to exempt AIDC/Health cess/RIC on goods
imported under the said notifications. |
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8. |
Seeks to amend notification Nos. 146/94-Customs, 147/94-Customs,
39/96-Customs, 50/96-Customs, 30/2004-Customs, 81/2005-Customs,
5/2017-Customs, 16/2017-Customs, 32/2017-Customs to prescribe enddates as per Section 25(4A) of Customs Act, 1962 |
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9. |
Seeks to amend notification No. 27/2011-Customs dated 01.03.2011
to omit redundant entries and reduce
export duty raw hides and skins of buffalo. |
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10. |
Seeks to implement a
graded BCD structure for wearable devices and its parts, sub-parts and
subassembly. |
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11. |
Seeks to implement a
graded BCD structure for hearable devices and its parts, sub-parts and
subassembly. |
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12. |
Seeks to implement a
graded BCD structure for smart meters and its parts, sub-parts and
sub-assembly. |
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13. |
Seeks to amend notification No. 25/1999-Customs dated 28.02.1999
to omit redundant and obsolete
entries. |
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14. |
Seeks to amend various
notifications giving exemption to electronic items and medical devices. |
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Customs:
Non-Tariff |
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S. No. |
Notification No. |
Description |
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1. |
Seeks to further amend Customs
(Import of Goods at Concessional Rate of Duty) Rules, 2017so as to simplify
and automate the procedures. |
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Customs:
Anti-Dumping Duty |
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S. No. |
Notification No. |
Description |
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1. |
seeks to rescind the
anti-dumping duty imposed on imports of “Straight Length Bars and Rods of
alloysteel” originating in or exported from China PR vide Notification
No. 54/2018-Cus (ADD) dated October 18, 2018.
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2. |
seeks to rescind the
anti-dumping duty imposed on imports of “High Speed Steel of Non-Cobalt
Grade” originating in or exported from Brazil, China PR and Germany vide
Notification No. 38/2019-Cus (ADD) dated September 25, 2019. |
|
|
3. |
seeks to rescind the
anti-dumping duty imposed on imports of “Flat rolled product of steel, plated
or coated with alloy of Aluminum or Zinc” originating in or exported from
China PR, Vietnam and Korea RP vide Notification No. 16/2020-Cus (ADD)
dated June 23, 2020. |
|
|
Customs:
Countervailing Duty |
||
|
S. No. |
Notification No. |
Description |
|
1. |
seeks to rescind the
countervailing duty imposed on imports of “Certain Hot Rolled and Cold Rolled
Stainless Steel Flat Products” originating in or exported from China PR
vide Notification No. 1/2017Cus (CVD) dated September 7, 2017. |
|
CHANGES IN CENTRAL EXCISE
Proposed changes in the Central Excise Act, 1944 (“the Central
Excise Act”)
Following are the gist of the notification which made
amendment in the Central Excise Tariff with effect from February 2, 2022,
unless otherwise specified:
|
Central
Excise |
|||
|
S. No. |
Notification No. |
Description |
|
|
1. |
Seeks to further amend Notification No. 11/2017Central Excise,
dated June 30, 2017, to increase Basic
Excise Duty on Unblended Petrol and Diesel, in order to promote Blending in
the country. |
|
|
|
Central
Excise – Non-Tariff |
||
|
S. No. |
Notification No. |
Description |
|
1. |
Seeks to supersede notification No.
49/2008-Central Excise (N.T.) dated December 24, 2008, in order to align it with the current legal position, post roll-out
of GST. |
|
|
AMENDMENTS IN FOURTH SCHEDULE TO THE CENTRAL EXCISE ACT |
|
Two new tariff items, that is, 2710 12 43
and 2710 12 44, falling under Chapter 27, have been inserted in the Fourth
Schedule to the Central Excise Act, 1944, relating to E12 and E15 fuel
blends, conforming to the new BIS specification [IS 17586] that has been
issued for Ethanol Blended Petrol with percentage of ethanol up to twelve
(E12) and fifteen (E15) percent respectively. This will align the Fourth
Schedule to the Central Excise Act, 1944, with the similar proposed amendment
in the sub-heading 2710 12 in the First Schedule to the Customs Tariff Act,
1975. |
|
CHANGE
IN EFFECTIVE RATE OF ADDITIONAL BASIC EXCISE DUTY ON UNBLENDED PETROL AND
DIESEL |
|
In order to promote blending of
Motor Spirit (Petrol) with ethanol/methanol and blending of High Speed Diesel
with bio-diesel, an additional Basic Excise Duty of Rs. 2 per litre on Petrol
and Diesel, intended to be sold to retail consumers without blending, would
be levied with effect from October 1, 2022.
|
Amendments
in the Schedule VII of the Finance Act, 2001 (NCCD SCHEDULE)
The Seventh Schedule of the
Finance Act, 2001, is being amended by substituting Central Excise tariff item
2709 20 00 with 2709 00 10 [Petroleum Crude].
Other
changes [including certain clarifications/technical changes]
Notification No.
49/2008-Central Excise (N.T.) dated December 24, 2008, provides for Retail Sale Price(RSP) based valuation for
specified goods and prescribes an abatement as a percentage of retail sale
price for such goods. This notification was issued under section 4A of the
Central Excise Act, 1944. Since then statutory/legal position has changed. Accordingly, this notification has been
superseded by Notification No. 01/2022-
Central Excise (N.T.) datedFebruary 1, 2022, in order to align the Notification No. 49/2008-Central
Excise (N.T.) with the current legal position, post rollout of GST regime.
COMMENTS