CBIC extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.12.2024. to impose export duty of 20% on exports of Onions (HS 0703 10); to change rates of BCD and AIDC on crude and refined edible oils vide Notification No. 43/2024-Customs| Dated: 13th September 2024.
Notification No. 43/2024-Customs, issued on September 13, 2024, by the Ministry of Finance, introduces several key amendments to existing customs regulations. The notification extends the exemption for imports of yellow peas (HS 0713 10 10) to bills of lading issued on or before December 31, 2024. This extension aims to support the ongoing importation of yellow peas under the specified conditions. Additionally, the notification imposes a new export duty of 20% on onions (HS 0703 10), effective immediately. This change seeks to regulate the export of onions and manage domestic supply.<
The notification also updates the rates of Basic Customs Duty (BCD) and Agricultural Infrastructure Development Cess (AIDC) for crude and refined edible oils. It amends previous notifications to adjust these rates, impacting the cost of importing edible oils. The updated rates are intended to align with the government’s fiscal policy and trade strategies. These changes are effective from September 14, 2024, and will influence both import and export activities related to the specified products.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 43/2024-Customs| Dated: 13th September 2024
G.S.R. 573(E).–In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, to the extent specified in the corresponding entries in column (3) of the said Table, namely:-
Table
| S. No. | Notification No. and Date |
Amendments |
| (1) | (2) | (3) |
| 1. | 27/2011-Customs, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 153(E), dated the 1st March, 2011 | In the said notification, in the TABLE, against S. No. 1, in column (4), for the entry, the entry “20%” shall be substituted; |
| 2. | 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 | In the said notification, in the TABLE,-
i. against S. No. 57, in column (4), for the entry, the entry “20%” shall be substituted; ii. against S. No. 61, in column (4), for the entry, the entry “20%” shall be substituted; iii. against S. No. 70, in column (4), for the entry, the entry “20%” shall be substituted; |
| 3. | 11/2021-Customs, dated the 1st February, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 | In the said notification, in the Table, –
i. against S. No. 7, in column (4), for the entry, the entry “5%” shall be substituted; ii. against S. No. 8, in column (4), for the entry, the entry “5%” shall be substituted; |
| 4. | 48/2021-Customs, dated the 13th October, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 733(E), dated the 13th October, 2021 | In the said notification, in the TABLE, S. Nos. 1, 2, 3, 4, 5, 6 and the entries relating thereto shall be omitted; |
| 5. | 49/2021-Customs, dated the 13th October, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 734(E), dated the 13th October, 2021 | In the said notification, in the Table, S. Nos. 1, 2, 3 and the entries relating thereto shall be omitted; |
| 6. | 64/2023-Customs, dated the 07th December, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 884(E), dated the 07th December, 2023 |
In the said notification, in the TABLE, against Sl. No. 1, in Column (4), for the words and figures “31st day of October, 2024”, the words and figures “31st day of December, 2024” shall be substituted; |
2. This notification shall come into force from the 14th day of September, 2024.
[F. No. 190354/145/2024-TRU]
AMREETA TITUS, Dy. Secy.
Note:
1. The principal notification No. 27/2011-Customs, dated the 1st March, 2011, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 153(E), dated the 1st March, 2011, and was last amended vide notification No. 37/2024-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. 440(E), dated the 23rd July, 2024.
2. 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. 41/2024-Customs, dated the 31st July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 467(E), dated the 31st July, 2024.
3. The principal notification No. 11/2021-Customs, dated the 1st February, 2021, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021, and was last amended vide notification No. 32/2024-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. 435(E), dated the 23rd July, 2024.
4. The principal notification No. 48/2021-Customs, dated the 13th October, 2021, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 733(E), dated the 13th October, 2021, and was last amended vide notification No. 24/2024-Customs, dated the 3rd May, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 269(E), dated the 3rd May, 2024.
5. The principal notification No. 49/2021-Customs, dated the 13th October, 2021, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 734(E), dated the 13th October, 2021, and was last amended vide notification No. 24/2024-Customs, dated the 3rd May, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 269(E), dated the 3rd May, 2024.
6. The principal notification No. 64/2023-Customs, dated the 07th December, 2023, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 884(E), dated the 07th December, 2023, and was last amended vide notification No. 24/2024-Customs, dated the 3rd May, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 269 (E), dated the 3rd May, 2024.
