CBIC amends Customs Exemption Notification to align it with Amendment in Foreign Trade Policy

Sep 19, 2018 | by Avantis RegTech Legal Research Team

The Central Board of Indirect Taxes and Customs (CBIC) has published a notification dated September 18, 2018 making amendments in the Notification No. 24/2015-Customs dated April 08, 2015 which exempts goods when imported into India against a duty credit scrip issued by the Regional Authority under the Merchandise Exports from India Scheme.

The amendments have been made in the conditions which are to be fulfilled to avail the exemption of customs duty and additional duty leviable under Section 3 of the said Customs Tariff Act.  The amendments made in Paragraph 2 are as follows:

(i)                  in condition (1) for clause (b), the following clause shall be substituted, namely: -

“(b) against exports of goods or products made in terms of provisions of para 3.05 of Foreign Trade Policy 2015-2020.”;

(ii)                in condition (3) in second proviso, for the words “through the courier mode from airports at Chennai, Mumbai or Delhi or through the Foreign Post offices at Chennai, Mumbai or New Delhi”, the words “through international courier terminals or through such foreign post offices, as notified by the Central Government” shall be substituted.


URL: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-tarr2018/cs63-2018.pdf;jsessionid=6C05A4EB873B92F12BA98F4F633C1F66  


Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.