Seeks to further amend notification No. 50/2017-Customs so as to reduce BCD from 10% to 5% on Opencell (15.6” and above) of LCD/LED TV panels.
[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 32/2018-Customs
New Delhi, the 23rd March, 2018
G.S.R. 275(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, 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) after S.No. 515 and the entries relating thereto, the following S.No. and entries shall be inserted, namely:-
|“515A||8529||Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels of heading 8529||5%||–||9”;|
(ii) against S.No. 516, in column (3), item (i) shall be omitted.
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, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide notification No. 31/2018-Customs, dated the 20th March 2018, published vide number G.S.R. 250 (E), dated the 20th March 2018.