Amendment to India-UAE CEPA Rates w.e.f. 24th day of July, 2024

Seeks to amend notification No. 22/2022-Customs dated 30^th April, 2022 to revise rates under India-UAE CEPA.

The Government of India, through the Ministry of Finance’s Department of Revenue, has issued Notification No. 31/2024-Customs dated 23rd July 2024 to amend the earlier notification No. 22/2022-Customs, dated the 30^th April, 2022. This amendment specifically revises the rates under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Under the authority granted by Section 25(1) of the Customs Act, 1962, the Central Government has determined that these changes are in the public interest. The key amendments are in Table III, specifically for S. No. 12, where the entry in Column (5) is revised to “4” and the entry in Column (6) is revised to “1.” These changes will be effective from 24th July 2024. The original notification No. 22/2022-Customs has undergone previous amendments, the latest being notification No. 21/2024-Customs.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi

Notification No. 31/2024-Customs | Dated: 23^rd July, 2024

G.S.R. 434(E).– In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), 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, Ministry of Finance (Department of Revenue), No. 22/2022-Customs, dated the 30^th April, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 328(E), dated the 30^th April, 2022, namely:-

In the said notification, in the TABLE III , against S. No. 12, –

I. in Column (5), for the entry, the entry “4” shall be substituted;

II. in Column (6), 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. 22/2022-Customs, dated the 30^th April, 2022, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 328(E), dated the 30^th April, 2022, and was last amended by notification No. 21/2024-Customs, dated 15^th March, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 213 (E), dated the 15^th March, 2024.