CBIC withdraw BCD exemption on specified parts of transformers

Budget 2021- Seeks to further amend notification No. 25/99-Customs dated 28th February, 1999 so as to withdraw BCD exemption on the specified parts of transformers- Notification No. 4/2021-Customs Dated 1st February, 2021.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

Notification No. 04/2021-Customs

New Delhi, the 1st February, 2021

G.S.R.62(E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), 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. 25/99-Customs, dated the 28th February, 1999, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 161(E), dated the 28th February, 1999, namely :-

1. In the said notification, in the TABLE, in List A, S. No. 198 and the entries relating thereto shall be omitted.

2. This notification shall come into force on 2nd February, 2021.

[F.No. 334/2/2021-TRU]

(Rajeev Ranjan)
Under Secretary to the Government of India

Note: The principal notification No.25/99-Customs, dated the 28th February, 1999 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 161 (E), dated the 28th February, 1999 and last amended vide notification No. 05/2020-Customs, dated the 2nd February, 2020, vide number G.S.R. 65 (E), dated the 2nd February, 2020.