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Govt has issued following notifications related to Excise and Custom duty to give effect to Provisions of Union Budget 2021-
–Notification Nos. 02/2021-Customs to 15/2021-Customs
-Notification Nos. 09/2021-Customs (N.T.) to 12/2021-Customs
-Notification Nos. 05/2021-Customs (ADD) to 07/2021-Customs (ADD)
-Notification Nos. 01/2021-Customs (ADD) to 02/2021-Customs (CVD)
-Notification No. 01/2021-Central Excise to 07/2021-Central Excise
Page Contents
- A. Explanatory Memoranda to Notification Nos. 02/2021-Customs to 15/2021-Customs, dated 1st February, 2021.
- B. Explanatory Memoranda to Notification Nos. 09/2021-Customs (N.T.) to 12/2021-Customs
- C. Explanatory Memorandum to Notification Nos. 05/2021-Customs (ADD) to 07/2021-Customs (ADD), dated 1st February, 2021: –
- D. Explanatory Memorandum to Notification Nos. 01/2021-Customs (CVD) to 02/2021-Customs (CVD), dated 1st February, 2021: –
- E. Explanatory Memorandum to Notification No. 01/2021-Central Excise, dated 1st February, 2021 to 07/2021-Central Excise, dated 1st February, 2021: –
A. Explanatory Memoranda to Notification Nos. 02/2021-Customs to 15/2021-Customs, dated 1st February, 2021.
| S. No. |
Notification No. | Description |
| 1. | 02/2021-Customs, dated 1st February 2021 | Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD) |
| 2. | 03/2021-Customs, dated 1st February, 2021 | Seeks to further amend notification No. 57/2017-Customs dated 30th June, 2017 so as to prescribe effective BCD rate on IT/Electronics items |
| 3. | 04/2021-Customs, dated 1st February, 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 |
| 4. | 05/2021-Customs, dated 1st February, 2021 | Seeks to further amend notification No. 24/2005-Customs dated 1st March, 2005 so as to clarify the scope of exemption under entry at S. No. 13S of the said notification. |
| 5. | 06/2021-Customs, dated 1st February, 2021 | Seeks to further amend notification No. 08/2020-Customs dated 2nd February, 2020 so as to exempt the medical devices imported by international organizations and diplomatic missions, from the levy of Health Cess. |
| 6. | 07/2021-Customs, dated 1st February, 2021 | Seeks to rescind notification Nos. 1/2011-Customs, dated the 6th January, 2011, 34/2017-Customs, dated the 30th June, 2017 and 75/2017-Customs, dated the 13th September, 2017 |
| 7. | 08/2021-Customs, dated 1st February 2021 | Seeks to further amend notification No. 153/94-Customs dated 13th July, 1994 so as to include temporary imports of costumes and props for film-making, in the goods exempted by the said notification. |
| 8. | 09/2021-Customs, dated 1st February 2021 | Seeks to further amend notification No. 42/1996-Customs, dated 23.07.21996 so as to make suitable amendments to the list of specified projects under heading 9801 of the First Schedule to the Customs Tariff Act. |
| 9. | 10/2021-Customs, dated 1st February 2021 | Seeks to amend notification No. 230/86-Customs dated 03.04.1986 so as to notify National High Speed Rail Corporation Ltd. as Sponsoring Authority for High Speed Rail projects. |
| 10. | 11/2021-Customs, dated 1st February 2021 | Seeks to prescribe effective rate of Agriculture Infrastructure and Development Cess for specified goods. |
| 11. | 12/2021-Customs, dated 1st February 2021 | Seeks to rescind notification No. 12/2018-Customs, dated 02.02.2018. |
| 12. | 13/2021-Customs, dated 1st February 2021 | Seeks to exempt Social Welfare Surcharge leviable on Agriculture Infrastructure and Development Cess on Gold and Silver. |
| 13. | 14/2021-Customs, dated 1st February 2021 | Seeks to exempt Social Welfare Surcharge leviable on Crude or roughly trimmed or Blocks Marble or travertine. |
| 14. | 15/2021-Customs, dated 1st February 2021 | Seeks to further amend notification No. 82/2017-Customs , dated 27.10.2017. |
B. Explanatory Memoranda to Notification Nos. 09/2021-Customs (N.T.) to 12/2021-Customs
| S. NO. | Notification No. | Description |
| 1. | 09/2021-Customs (N.T.) dated 2nd February, 2021 | Seeks to further amend Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017. |
| 2. | 10/2021-Customs (N.T.), dated 1st February, 2021 | Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to enable provisional assessment in anti-circumvention investigation and make certain other miscellaneous changes. |
| 3. | 11/2021-Customs (N.T.), dated 1st February, 2021 | Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995 to enable provisional assessment in anti-circumvention investigation and make certain other miscellaneous changes. |
| 4. | 12/2021-Customs (N.T.), dated 1st February, 2021 | Seeks to further amend Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 to provide for the manner of application of safeguard measures including tariff-rate quota and make certain other miscellaneous changes. |
C. Explanatory Memorandum to Notification Nos. 05/2021-Customs (ADD) to 07/2021-Customs (ADD), dated 1st February, 2021: –
| S. No. | Notification No. | Description |
| 1. | 05/2021-Customs (ADD), dated 1st February, 2021 | Seeks to amend notification No. 54/2018 – Customs (ADD) dated 18th October, 2018 so as to temporarily revoke the operation of the said notification for the period from 2nd February, 2021 to 30th September, 2021. |
| 2. | 06/2021-Customs (ADD), dated 1st February, 2021 | Seeks to amend notification No. 38/2019 – Customs (ADD) dated 25th September, 2019 so as to temporarily revoke the operation of the said notification for the period from 2nd February, 2021 to 30th September, 2021. |
| 3. | 07/2021-Customs (ADD), dated 1st February, 2021 | Seeks to amend notification No. 16/2020 – Customs (ADD) dated 23rd June, 2020 so as to temporarily revoke the operation of the said notification for the period from 2nd February, 2021 to 30th September, 2021. |
D. Explanatory Memorandum to Notification Nos. 01/2021-Customs (CVD) to 02/2021-Customs (CVD), dated 1st February, 2021: –
| S. No. | Notification No. | Description |
| 1. | 01/2021-Customs (CVD), dated 1st February, 2021 | Seeks to rescind notification No. 02/2020 – Customs (CVD) dated 9th October, 2020. |
| 2. | 02/2021-Customs (CVD), dated 1st February, 2021 | Seeks to amend notification No. 01/2017 – Customs (CVD) dated 7th September, 2017 so as to temporarily revoke the operation of the said notification for the period from 2nd February, 2021 to 30th September, 2021. |
E. Explanatory Memorandum to Notification No. 01/2021-Central Excise, dated 1st February, 2021 to 07/2021-Central Excise, dated 1st February, 2021: –
| S. No. | Notification No. | Description |
| 1. | 01/2021-Central Excise, dated 1st February 2021 | Seeks to amend notification No. 11/2017-Central Excise, dated 30.06.2017, to prescribe effective rate of Basic Excise Duty and to add the reference of Agriculture Infrastructure and Development Cess in the appropriate duty of excise. |
| 2. | 02/2021-Central Excise, dated 1st February 2021 | Seeks to amend notification No. 05/2019-Central Excise, dated 06.07.2019, to prescribe effective rate of Special Additional Excise Duty for Petrol and Diesel. |
| 3. | 03/2021-Central Excise, dated 1st February 2021 | Seeks to exempt Agriculture Infrastructure and Development Cess on blended fuels. |
| 4. | 04/2021-Central Excise, dated 1st February 2021 | Seeks to amend notification No. 28/2002-Central Excise, dated 13.05.2002, to exempt M-15 and E-20 fuels from Special Additional Excise Duty and to add the reference of Agriculture Infrastructure and Development Cess in the appropriate duty of excise. |
| 5. | 05/2021-Central Excise, dated 1st February 2021 | Seeks to exempt M-15 fuel from Road and Infrastructure Cess. |
| 6. | 06/2021-Central Excise, dated 1st February 2021 | Seeks to exempt E-20 fuel from Road and Infrastructure Cess. |
| 7. | 07/2021-Central Excise, dated 1st February 2021 | Seeks to amend notification Nos. 10/2018-Central Excise, 11/2018-Central Excise, 12/2018-Central Excise and 13/2018-Central Excise, all dated 02.02.2018, to add the reference of Agriculture Infrastructure and Development Cess in the appropriate duty of excise. |
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