Seeks to amend notification No. 22/2022-Customs dated 30th 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 30th 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 dated 15th March 2024.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 31/2024-Customs | Dated: 23rd 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), 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 30th 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 30th 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 24th 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 30th 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 30th April, 2022, and was last amended by notification No. 21/2024-Customs, dated 15th 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 15th March, 2024.
