Notification to specify the manufacturing processes and other operations in relation to a class of goods in a warehouse
The Ministry of Finance has issued Notification No. 86/2024-Customs (N.T.) on December 16, 2024, under the provisions of the Customs Act, 1962. The notification specifies certain manufacturing processes and operations that are not permitted within a warehouse, particularly related to goods imported for solar power generation projects supplying electricity. The restriction applies specifically when electricity is generated as a result of manufacturing operations related to the warehoused goods. The notification will come into effect on December 17, 2024.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 86/2024-Customs (N.T.) | Dated: 16th December, 2024
S.O. 5446(E).—In exercise of the powers conferred by proviso to sub – section (1) of Section 65 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 specify the manufacturing processes and other operations in relation to a class of goods that shall not be permitted in a warehouse, as mentioned in column (2) of the table below:-
Table
| Sl. No. | Manufacturing processes and other operations in relation to a class of goods in a warehouse |
| (1) | (2) |
| 1. | Goods imported for solar power generation projects which supply electricity. |
Explanation.- For the purpose of Sl.No.1, the restriction is applicable only when electricity is resulting from the manufacturing processes and other operations in relation to the warehoused goods under section 65 of Customs Act 1962(52 of 1962).
2. The notification shall come into force with effect from the 17th December, 2024.
[D. No. CBIC-170484/11/2024-LC]
MEGHA BANSAL, Under Secy.
