Introduction: The Ministry of Finance, Department of Revenue, has issued a significant corrigendum, G.S.R. 887(E), on December 11, 2023. This amendment modifies the Customs Notification No. 12/2023-Customs(ADD) dated November 21, 2023, impacting specific codes and regulations.
Detailed Analysis:
1. Omitted Codes: The corrigendum instructs the omission of codes ‘3824 99 22,’ ‘3824 90 90,’ and ‘3824 99 90’ mentioned on page 3, line 22, and in the TABLE on page 4, column (2). This removal implies changes in customs regulations related to these specific codes.
2. Impact on Trade: Traders and businesses dealing with products under the mentioned codes need to take note of these amendments. Compliance with the revised customs regulations is essential to avoid any legal complications.
3. Government Notification: The corrigendum cites F. No. CBIC-190354/209/2023-TRU, providing a reference point for individuals and entities to cross-verify the changes in the original notification.
4. Underlying Reasons: The corrigendum does not explicitly state the reasons for the omission of these codes. Further research or consultation with relevant authorities may be necessary to understand the motive behind these changes.
Conclusion: In conclusion, the Ministry of Finance’s corrigendum, G.S.R. 887(E), brings about vital changes in the Customs Notification, impacting specific product codes. Businesses and individuals involved in trade must promptly adapt to these modifications to ensure compliance with the revised regulations. Staying informed about such amendments is crucial for a seamless and lawful trading environment.
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Ministry of Finance
(Department of Revenue)
New Delhi
CORRIGENDUM
Dated: 11th December, 2023
G.S.R. 887(E).—In the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 12/2023-Customs(ADD), dated the 21st November, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 853(E), dated the 21st November, 2023, namely:-
(i) at the page number 3, in line 22, omit ‘3824 99 22, 3824 90 90, 3824 99 90, ’;
(ii) at the page number 4, in the TABLE, in column (2), omit ‘3824 99 22’, ‘3824 90 90’ and ‘3824 99 90’;.
[F. No. CBIC-190354/209/2023-TRU]
NITISH KARNATAK, Under Secy.
