These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2018 as notified by Notification No. 68/2018-Customs (N.T.) dated 3rd August, 2018
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Indirect Taxes and Customs)
New Delhi, the 3rd August, 2018
G.S.R. (E).— In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations further to amend the Courier Imports and Exports (Clearance) Regulations, 1998, namely: –
1. (1) These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Courier Imports and Exports (Clearance) Regulations, 1998 (herein after referred to as the said regulations), in regulation 2, in sub regulation (2), in clause (e), –
(i) in sub-clause (iii), for the proviso, the following proviso shall be substituted, namely: –
“Provided that this sub-clause shall not apply to goods notified in Appendix 3C of the Foreign Trade Policy (2015-2020), under the Merchandise Exports from India Scheme (MEIS) in consignment of value up to five lakh rupees and involving transaction in foreign exchange;”;
(ii) in sub-clause (v), for the words “twenty five thousand”, the words “five lakh” shall be substituted.
3. In regulation 6 of the said regulations, in sub-regulation (3), in the first proviso for the words “twenty-five thousand”, the words “five lakh”, shall be substituted.
[F. No. 450/4/2013-Cus. -IV]
Note: -The principal notification No. 87/98 -Customs (N.T.), dated the 9th November, 1998 was published in the Gazette of India, Extraordinary, vide number G.S.R. 662(E), dated the 9th November, 1998 and was last amended by notification No. 66/2017-Customs(N.T.), dated the 30th June, 2017 vide number G.S.R. 811 (E), dated the 30th June, 2017.