Skip links

CBIC notifies to increase AIDC on imports of Platinum

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)]

 

GOVERNMENT OF INDIA
 MINISTRY OF FINANCE
(Department of Revenue)

 Notification No. 53/2022-Customs

New Delhi, dated the 3rd October 2022

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 11/2021- Customs, dated the 1st February 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1st February 2021, namely –

In the said notification, in the Table, after Sl. No. 15 and the entries relating thereto, the following S. Nos. and entries shall be inserted, namely: –

(1)(2)(3)(4)
“15A7110Goods, other than the following: –

(a)          Platinum and Palladium for use in the manufacture of: –

(i)            all goods, including Noble Metal Compounds and Noble Metal Solutions, falling under heading 2843;

(ii)           all goods falling under sub-heading 3815 12;

(iii)          catalytic convertors falling under tariff item 8421 32 00; Provided that, the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty or for

Specified End Use) Rules, 2022;

(b)          Rhodium

1.5%”

 

 [F.No. CBIC-190354/261/2022-TO(TRU-I)-CBEC]

(Vikram Vijay Wanere)
Under Secretary

Note: – The principal No. 11/2021-Customs, dated the 1st February, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 and last amended, vide notification No. 27/2022-Customs, dated the 21st May, 2022 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 379(E), dated the 21st May, 2022.

****************

Stay tuned with us and keep visiting our blogs to stay updated with the all the latest news and updates. We try our best to give our readers the best of knowledge that too in the most simplified manner.
Have a great time reading!

Read more :-

CBIC notified the foreign currency exchange rates for Imports and Exports

[ld_spacer height=”22px” md_height=”30px”][ld_banner show_button=”yes” ib_style=”btn-default” ib_title=”Know more” use_custom_fonts_title=”true” title=”Contact EAdvisors regarding any query.” ib_link=”||target:%20_blank|” image=”15947″ bg_color=”rgb(0, 0, 0)” title_color=”rgb(255, 255, 255)” ib_css=”.vc_custom_1663676033629{background-color: #c7d8d5 !important;}”]

Leave a comment

🍪 This website uses cookies to improve your web experience.