Customs seeks to amend Notification No. 50/2017- Customs to prescribe BCD and IGST rates on certain goods
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 77/2017- Customs
New Delhi, the 13th October 2017
G.S.R. 1298(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 Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment 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,
(a) in the Table, –
(i) after serial number 212 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –
| “212A | 30 | Medicines/drugs/vaccines supplied free by United Nations International Children’s Emergency Fund (UNICEF), Red Cross or an International Organization subject to specified conditions. Explanation: For the purpose of this notification, – “International Organization means an International Organization to which the Central Government has declared, in pursuance of section 3 of the United Nations (Privileges and Immunities Act) 1947 (46 of 1947), that the provisions | Nil | Nil | 103”; |
(ii) after serial number 359 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –
| “359A | 71 | Import of gold by specified banks and specified Public Sector Units (as per List 34). | – | Nil | -”;
|
(iii) after S. No. 557 and the entries relating thereto, the following shall be inserted, namely: –
| “557A | 89 | Rigs and ancillary items imported for oil or gas exploration and production taken on lease by the importer for use after import. | – | Nil | 102”; |
(iv) after S. No. 608 and the entries relating thereto, the following shall be inserted, namely: –
| “608A | 9804 | Bonafide gifts imported by post or air upto CIF value limit of 5000 rupees and exempted from any prohibition in respect of the imports thereof under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) | Nil | Nil | -” |
(b) in the Annexure,
(i) after condition No. 102, the following condition shall be inserted, namely: –
| Condition No. | Condition |
| “103 | If the importer at the time of import-
(1) furnishes a certificate from an officer not below the rank of a Deputy Secretary to the Government of India in the Department of Health and Family Welfare, Government of India, to the effect that the imported medicines or drugs or vaccines (in respect of description, quantity and technical specifications) are supplied by United Nations International Children’s Emergency Fund (UNICEF), Red Cross or an international organization and are required for Central Government/State Government sponsored immunization programmes; and (2) furnishes an undertaking to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, to the effect that the imported goods shall be used for the above purpose and he shall pay, on demand, in the event of his failure to use the imported goods for the above purpose, an amount equal to the difference between the duty leviable on such quantity of the imported goods but for the exemption under this notification”; |
(ii) after List 33 and the entries relating thereto, the following list and entries shall be inserted namely: –
“List 34 (See S. No. 359A of the Table)
1. Allahabad Bank
2. Axis Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Nova Scotia
6. Canara Bank
7. Corporation Bank
8. Andhra Bank
9. The Federal Bank Ltd
10. HDFC Bank
11. ICICI Bank
12. Indian Bank
13. IndusInd Bank Ltd
14. Indian Overseas Bank
15. Kotak Mahindra Bank
16. Oriental Bank of Commerce
17. Punjab National Bank
18. State Bank of India
19. Syndicate Bank
20. Union Bank of India
21. Bank of Maharashtra
22. Central Bank of India
23. City Union Bank Ltd
24. Dhan laxmi Bank
25. ING Vysya Bank
26. Karur Vysya Bank
27. Punjab and Sind Bank
28. South Indian Bank
29. Standard Chartered Bank
30. State Bank of Bikaner and Jaipur
31. State Bank of Hyderabad
32. State Bank of Mysore
33. State Bank of Patiala
34. State Bank of Travancore
35. Yes Bank
36. Dena Bank
37. Metals and Minerals Trading Corporation of India (MMTC)
38. The Handicraft and Handlooms Exports Corporation of India Ltd
39. PEC Limited
40. The State Trading Corporation of India Ltd
41. MSTC Ltd”
[F. No. 354/119/2017-TRU (Pt. III)]
(Ruchi Bisht)
Under Secretary to the Government of India
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, Subsection (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide Notification No. 76/2017- Customs, dated the 15th September, 2017, published vide number G.S.R. 1181 (E), dated the 15th September, 2017.
