Seeks to amend notification No. 50/2017- Customs, dated 30.06.2017, in order to prescribe conditional BCD rate of 10% on Laboratory Chemicals [excluding undenatured ethyl alcohol of any alcoholic strength], falling under HS 9802 00 00, for specified use.
Ministry of Finance has issued Notification No. 41/2024-Customs, amending Notification No. 50/2017-Customs, effective August 1, 2024. This amendment introduces a 10% Basic Customs Duty (BCD) on laboratory chemicals classified under HS code 9802 00 00, excluding undenatured ethyl alcohol. The updated notification includes a new entry for these chemicals when used for laboratory or research and development purposes. Importers must provide an undertaking to the Deputy or Assistant Commissioner of Customs confirming that the chemicals will only be used for the specified purposes and not for resale. Failure to adhere to this condition will result in the payment of the full duty applicable to the quantity not used for the declared purposes.
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MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 41/2024-Customs | Dated: 31st July, 2024
G.S.R. 467(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, –
(I) in the Table, after S. No. 606 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: –
| (1) | (2) | (3) | (4) | (5) | (6) |
| “606A. | 9802 00 00 | All goods (excluding undenatured ethyl alcohol of any alcoholic strength) for use in:-(i) laboratory; or(ii) Research and Development purposes. |
10% | – | 123”; |
(II) in the Annexure, after Condition No. 122 and the entries relating thereto, the following condition and entries shall be inserted, namely: –
| “123. | If, the importer submits an undertaking before the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, that the goods so imported shall be for use in laboratory or for use in research and development purposes and shall not be sold or traded after importation and that in case of failure to comply with this condition, he shall be liable to pay, in respect of such quantity of the said goods as is proved to have not been so used for the specified purposes, an amount equal to the duty leviable on such quantity but for the exemption under this notification.”. |
2. This notification shall come into force from the 1st day of August, 2024.
[F. No. CBIC-354/03/2024-TRU]
NITISH KARNATAK, 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. 30/2024-Customs, dated the 23rd July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 433(E), dated the 23rd July, 2024.
