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Article contains Explanatory Memorandum to Notification Nos. 02 to 12-Customs, dated the 1st February, 2023 and Explanatory Memorandum to Notification No. 05/2023-Central Excise, dated the 1st February, 2023 which are notified to give effect to changes proposed by Union Finance Budget 2023-24.

Explanatory Memorandum to Notification Nos. 02 to 12-Customs, dated the 1st February, 2023

S. No.

Notification No. and Date Description
1. 02/2023-Customs  dated   1st February, 2023 Seeks to further amend notification No. 50/2017-Customs, dated the 30th June, 2017, so as to revise/provide exemption(s) on the specified goods.
2. 03/2023-Customs   dated   1stFebruary, 2023 Seeks to further amend notification No. 11/2021- Customs   dated  1st February,  2021,   so   as    to levy/exempt   Agriculture  and   Infrastructure Development Cess (AIDC) on certain items.
3. 04/2023-Customs, dated the 1st February, 2023 Seeks to further amend notification No. 11/2018-Customs, dated 2nd February, 2018, to revise/provide Social Welfare Surcharge (SWS) exemption(s) on specified goods.
4. 05/2023-Customs dated 1st February, 2023 Seeks to rescind notification Nos. 13/2021-Customs and 34/2022-Customs, related to Social Welfare Surcharge (SWS).
5. 06/2023-Customs dated 1st February, 2023 Seeks to further amend notification Nos. 25/1999-Customs, 25/2002-Customs and 57/2017-Customs related to certain electronic items.
6. 07/2023-Customs dated 1st February, 2023 Seeks to further amend notification No. 230/86-Customs related to Project Import Regulations.
7. 08/2023-Customs dated 1st February, 2023 Seeks to further amend notification No. 22/2022- Customs   regarding    India-UAE Comprehensive Economic Partnership Agreement.
8. 09/2023-Customs   dated   1st February, 2023 Seeks to further amend notification No. 57/2000-Customs which exempts gold, silver and platinum imported under specified schemes.
9. 10/2023-Customs, dated the 1st February, 2023 Seeks to further amend notification No. 146/94-Customs, dated the 13th July, 1994 to extend the exemption benefit to Warm blood horse  for equestrian sports and extend the validity of said notification up to the 31st March, 2028.
10. 11/2023-Customs, dated the 1st February, 2023 Seeks to amend the notification Nos. 90/2009-Customs, dated the 7th September, 2009, 33/2017-Customs, dated the 30th June, 2017, and 41/2017-Customs, dated the 30th June, 2017 to extend the validity of said notifications up to the 31st March, 2028.
11. 12/2023-Customs   dated  1st February, 2023 Seeks to amend 32 notifications in order to provide a specific end date for these notifications.

Explanatory Memorandum to Notification No. 05/2023-Central Excise, dated the 1st February, 2023:

S. No. Notification No. and Date Description
1. 05/2023-Central Excise dated 1st February, 2023 Seeks to exempt Compressed Natural Gas (CNG) from so much of the duty of excise leviable on amount of GST paid on Biogas or Compressed Biogas which is blended with CNG.

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