CBIC extends the exemption provided to imports of specified defence equipments from Basic Customs Duty for a further period of 5 years i.e. till 30th June 2029 vide Notification No. 26/2024-Customs | Dated : 27th June, 2024. Earlier exemption was provided till 30th June 2024 vide Notification No. 19/2019-Customs Dated: .6th July, 2019.
Central Board of Indirect Taxes and Customs (CBIC) has extended the exemption on specified defence equipment imports for an additional five years through Notification No. 26/2024-Customs, dated June 27, 2024. This extension, effective until June 30, 2029, replaces the previous exemption provided under Notification No. 19/2019-Customs, issued on July 6, 2019, which was set to expire on June 30, 2024.
Under this notification, goods such as steam turbines, internal combustion engines, turbojets, aircraft, helicopters, missiles, and associated equipment imported by the Ministry of Defence or defence forces of India are exempt from customs duty. The exemption applies when accompanied by a certificate from a Ministry of Defence officer certifying the goods’ technical specifications and intended use solely for defence purposes.
The exemption aims to support national security interests by facilitating the importation of critical defence equipment necessary for the operational readiness and capability enhancement of India’s defence forces. The extension ensures continuity in the availability of essential defence hardware without the burden of customs duties, thereby bolstering the defence sector’s capability to meet strategic requirements effectively.
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
Notification No. 26/2024-Customs | Dated : 27th June, 2024
G.S.R. 352(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (12) of section 3, of 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. 19/2019-Customs dated the 6th July, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 476 (E), dated the 6th July, 2019, namely:-
In the said notification, in paragraph 2, for the figures “2024” the figures “2029” shall be substituted.
[F.No. 354/02/2024-TRU]
VIKRAM VIJAY WANERE, Under Secy.
Note: The principal notification No. 19/2019-Customs dated the 6th July, 2019, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 476 (E), dated the 6th July, 2019, and was last amended by notification No. 56/2023-Customs, dated 15th September, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 674 (E), dated the 15th September, 2023.
