Budget 2025: CBIC Amends Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 to extend certain timelines vide Notification No. 07/2025- Customs (N.T.) | Dated: 1st February, 2025.
CBIC) has introduced amendments to the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022, through Notification No. 07/2025-Customs (N.T.), dated February 1, 2025. The amendments, effective February 2, 2025, primarily revise compliance timelines for importers availing concessional duty benefits. The definition of “quarter” has been introduced as three consecutive calendar months, and all references to “monthly” reporting in the rules have been substituted with “quarterly.” Key changes include the extension of deadlines for declarations, submission of intimation, and related forms. Rule 6 now requires quarterly submissions instead of monthly, and the timeline for maintaining certain records has been extended from six months to one year under Rule 10. Form IGCR-3 has also been updated to reflect the quarterly reporting requirement. These amendments aim to simplify compliance procedures for importers while ensuring better alignment with operational timelines. The changes build upon the principal rules issued in September 2022, ensuring the framework remains adaptable and user-friendly.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 07/2025- Customs (N.T.) | Dated: 1st February, 2025
G.S.R. 108(E). – In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules to amend the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022, namely :-
1. Short title and – (1) These rules may be called the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Amendment Rules, 2025
(2) They shall come into force on the 2nd day of February, 2025.
2. In the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 (hereinafter referred to as the principal rules), in rule 3, in sub- rule (1), after clause k, the following clause shall be inserted, namely:-
‘ka. “quarter” means a period comprising any three consecutive calendar months ending on the last day of March, June, September or December of a calendar year;’.
3. In the principal rules, in rule 6, in sub-rule (2), for the words “monthly” and “month” occurring at both places, the words “quarterly” and “quarter” shall respectively be substituted.
4. In the principal rules, in rule 7, –
(i) in sub-rule (1), for the word “monthly”, the word “quarterly” shall be substituted;
(ii) in sub-rule (3), for the words “six months”, the words “one year” shall be
5. In the principal rules, in rule 8, in sub-rule (1), for the word “monthly”, the word “quarterly” shall be substituted.
6. In the principal rules, in rule 9, in sub-rule (1), for the word “monthly”, the word “quarterly” shall be substituted.
7. In the principal rules, in rule 10, –
(i) in sub-rule (1), in clause (ii), for the words “six months”, the words “one year” shall be substituted;
(ii) in sub-rule (2), for the word “monthly”, the word “quarterly” shall be substituted;
(iii) in sub-rule (3), for the word “monthly”, the word “quarterly” shall be substituted;
(iv) in sub-rule (5), for the word “monthly”, the word “quarterly” shall be
8. In the principal rules, in Form IGCR-3, for the word “MONTHLY”, the word “QUARTERLY” shall be substituted.
[F.NO. CBIC-530524/2/2025-O/o Dir(Customs)-CBEC]
(Ananth Radhakrishnan)
Director (Customs)
Note: – The principal rules No.74/2022- Customs (N.T.), dated the 09th September, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.692 (E), dated the 10th September, 2022.
