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CBIC notifies for withdrawal of BCD exemption

The Central Board of Indirect Taxes & Customs has released an update dated 18th November 2022 relating to Custom. The Central Government felt necessary for the welfare of the public interest to make some updation in the Custom Tariff Act.

The amendments has been made in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely :-

In the said notification, in the Table,

  1. Nos. 141A, 141B and the entries relating thereto shall be omitted;
  2. No. 364D and the entries relating thereto shall be omitted;

This was the CBIC update made under the Customs Act which shall come into force on the 19th day of November, 2022.

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The copy of the notification released by the Central Board of Indirect Taxes has been given below which you can see for your reference. Stay connected with EAdvisors Blogs to stay updated with all the updates released by the department.

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