The Ministry of Finance, Department of Revenue, New Delhi, has issued Notification No. 54/2023-Customs on 14th September, 2023, introducing amendments to the Customs Act of 1962 and the Customs Tariff Act of 1975. These amendments primarily focus on revising the dates when certain provisions cease to have effect.
The key highlight of this notification is the revision of dates when specific provisions cease to have effect. These revisions have been made in the interest of the public and trade. Here are the main changes:
Amendment to S. No. 597: The proviso for this entry has been updated. It states that items (ii) and (iv) of this entry will cease to have effect after 30th September, 2023, while items (i), (iii), and (v) will cease to have effect after 30th September, 2025.
Amendments to S. No. 598 to 603: In each of these entries, the figure “2023” has been replaced with “2025,” indicating that the relevant provisions will now remain in effect until 30th September, 2025.
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 54/2023-Customs | Dated: 14th September, 2023
G.S.R. 668(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, 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. 50/2017-Customs, dated the 30th June, 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, –
(i) against S. No. 597, in column (3), for the proviso, the following provisos shall be substituted, namely: –
“Provided that items (ii) and (iv) shall cease to have effect after 30th September, 2023.
Provided further that items (i), (iii) and (v) shall cease to have effect after 30th September 2025.”;
(ii) against S. No. 598, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted;
(iii) against S. No. 600, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted;
(iv) against S. No. 601, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted;
(v) against S. No. 602, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted;
(vi) against S. No. 603, in column (3), for the figure, “2023”, the figure, “2025” shall be substituted.
2. This notification shall come into force with immediate effect.
[F. No.190352/01/2023-TRU]
VIKRAM VIJAY WANERE, Under Secy.
Note : The principal notification No. 50/2017-Customs, dated the 30th June, 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 was last amended vide notification No. 53/2023-Customs, dated the 5th September, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 656(E), dated the 5th September, 2023.
