Amendment of Notification No. 11/2021-Customs for AIDC Revision

Seeks to amend notification No. 11/2021-Customs dated 1st February, 2021 so as to revise AIDC applicable on certain items.

Ministry of Finance, Government of India, has issued Notification No. 32/2024-Customs on 23rd July 2024 to amend Notification No. 11/2021-Customs dated 1st February 2021. This amendment revises the Agriculture Infrastructure and Development Cess (AIDC) rates applicable to certain items, under the authority of Section 25(1) of the Customs Act, 1962, and Section 124 of the Finance Act, 2021. The specific changes include adjustments in the AIDC rates for items listed under serial numbers 15A to 15G in the original notification’s table. The revised rates are 1.4% for 15A, 0.35% for 15B, 0.35% for 15C, 1% for 15D, 0.35% for 15E, 1% for 15F, and 1% for 15G.  

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 32/2024-Customs | Dated: 23^rd July, 2024

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 1^st 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 1^st February, 2021, namely:-

In the said notification, in the Table, –

1) against Sl. No. 15A, in column (4), for the entry , the entry “1.4%” shall be substituted;

2) against Sl. No. 15B, in column (4), for the entry , the entry “0.35%” shall be substituted;

3) against Sl. No. 15C, in column (4), for the entry , the entry “0.35%” shall be substituted;

4) against Sl. No. 15D, in column (4), for the entry , the entry “1%” shall be substituted;

5) vagainst Sl. No. 15E, in column (4), for the entry , the entry “0.35%” shall be substituted;

6) against Sl. No. 15F, in column (4), for the entry , the entry “1%” shall be substituted;

7) against Sl. No. 15G, in column (4), for the entry , the entry “1%” shall be substituted.

2. This notification shall come into force on the 24^th day of July, 2024.

[F. No. 334/03/2024-TRU]

(Vikram Vijay Wanere) Under Secretary

Note: The principal notification No. 11/2021-Customs, dated the 1^st February, 2021 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1^st February, 2021 and last amended vide notification No. 11/2024-Customs, dated the 19^th February, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 116 (E), dated the 19^th February, 2024.