Seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to increase basic customs duty (BCD) to 35% on crude edible vegetable oils and to 45% on refined edible vegetable oils with effect from 14th June 2018.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 47/2018-Customs
New Delhi, the 14th June, 2018.
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) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, 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, Ministry of Finance (Department of Revenue), No. 50/2017- Customs dated 30.06.2017, 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) against S.No. 61, for the entry in column (4), the entry “35%”shall be substituted;
(2) against S.No. 62, for the entry in column (4), the entry “45%”shall be substituted;
(3) against S.No. 63, for the entry in column (4), the entry “35%” shall be substituted;
(4) for S.No. 64 and the entries relating thereto, the following shall be substituted, namely:-
| (1) | (2) | (3) | (4) | (5) | (6) |
| “64. | 1508, 1510, 1512 (other than 1512 19 10), 1513, or 1515 | All goods, refined and edible grade | 45% | – | – |
| 64A. | 1509 | All goods, refined and edible grade | 40% | – | -”; |
(5) against S.No. 70, for the entry in column (4), the entry “35%” shall be substituted;
(6) against S.No. 71, for the entry in column (4), the entry “45%” shall be substituted;
(7) against S.No. 73, for the entry in column (4), the entry “35%” shall be substituted;
(8) against S.No. 74, for the entry in column (4), the entry “45%” shall be substituted;
(9) against S.No. 77, for the entry in column (4), the entry “45%” shall be substituted;
(10) against S.No. 79, for the entry in column (4), the entry “45%” shall be substituted.
[F.No. 354 /203/2012- TRU]
(Mohit Tewari)
Under Secretary to the Government of India
Note: The principal notification No. 50/2017- Customs dated 30.06.2017 was 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 and last amended, vide, notification No. 46/2018 -Customs, dated the 23rd May, 2018, published, vide, number G.S.R. 476 (E), dated the 23rd May, 2018.
