CBIC amends Notification No. 11/2021 dated 1st February 2021, to impose AIDC on entries falling under 7112, 7113 and 7118 i.e. on Spent Catalyst or Ash Containing Precious Metals, Gold or Silver Findings and Coins of precious metals vide Notification No. 05/2024 – Customs | Dated : 22nd January, 2024.
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 05/2024 – Customs | Dated : 22nd January, 2024
G.S.R. 55(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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) notification No. 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, namely:-
In the said notification, in the Table, after Sl. No. 15D and the entries relating thereto, the following Sl. Nos. and entries shall be inserted, namely: –
|
(1) |
(2) | (3) | (4) |
| “15E. | 7112 | Spent catalyst or ash containing precious metals | 4.35% |
| 15F. | 7113 | Gold or silver findings Explanation: For the purposes of this entry, “gold or silver findings” means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of jewellery in place | 5% |
| 15G. | 7118 | Coins of precious metals | 5% ”. |
[F. No. CBIC-190341/4/2024-TO(TRU-I)]
(Rakesh Dahiya)
Director
Note: – 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 last amended vide notification No. 51/2023-Customs, dated the 31st August, 2023 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 643(E), dated the 31st August, 2023.
