CBIC fully exempt the applicable export duty on exports of Kalanamak rice not exceeding 1000 MTs subject to the specified conditions vide Notification No. 22/2024-Customs | Dated: 2nd April, 2024.
Introduction: The Ministry of Finance, through Notification No. 22/2024-Customs, has announced a significant exemption on the export duty for Kalanamak rice. This exemption aims to boost exports while adhering to specific conditions. Let’s delve deeper into the details and implications of this notification.
Exemption Overview: Under this notification, exports of Kalanamak rice are fully exempt from applicable export duties, provided the export quantity does not exceed 1000 metric tonnes. This exemption applies to goods exported through specified customs stations.
Tariff Item and Description: Kalanamak rice falls under tariff item 1006 30 90. The exemption applies exclusively to this variety of rice, emphasizing the government’s support for promoting the export of specific agricultural products.
Conditions for Exemption: To qualify for the duty exemption, exporters must fulfill specific conditions, including exporting through designated customs stations such as Varanasi Air Cargo, JNCH, CH Kandla, LCS Nepalgunj Road, LCS Sonauli, or LCS Barhni. Additionally, exporters must obtain a certificate from the Director, Agriculture Marketing & Foreign Trade, Lucknow, certifying the item and quantity of Kalanamak rice to be exported.
Effective Date: The notification comes into effect on the 3rd of April, 2024, providing immediate relief to exporters of Kalanamak rice, facilitating smoother export operations and encouraging international trade.
Conclusion: The Customs Duty Exemption Notification No. 22/2024 brings positive implications for the export of Kalanamak rice, offering a significant boost to exporters. By fully exempting applicable export duties, subject to specified conditions, the government aims to stimulate export activities while promoting the agricultural sector’s growth. Exporters must adhere to the conditions outlined in the notification to avail of the benefits effectively.
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MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 22/2024-Customs | Dated: 02nd April, 2024
G.S.R. 236(E).— In exercise of the powers conferred by sub-section (1) of section 25 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 exempts the goods of the description specified in column (3) of the Table below, falling within the tariff item of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in the corresponding entry in column (2) of the said Table, when exported out of India, from so much of the duty of customs leviable thereon under the said Second Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table, subject to the conditions specified in the corresponding entry in column (5) of the said Table, namely: –
TABLE
|
Sl. No. |
Tariff item | Description of goods |
Rate | Conditions |
| (1) | (2) | (3) | (4) | (5) |
| 1. | 1006 30 90 | Kala namak rice | Nil | If,
(a) Goods are exported through the customs stations, namely, Varanasi Air Cargo, JNCH, CH Kandla, LCS Nepalgunj Road, LCS Sonauli or LCS Barhni; (b) the total quantity of such goods exported through the afore-mentioned customs stations taken collectively, shall not exceed one thousand metric tonnes; and (c) the exporter furnishes a certificate to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, from the Director, Agriculture Marketing & Foreign Trade, Lucknow, Uttar Pradesh, certifying the item and quantity of Kala namak rice to be exported. |
2. This notification shall come into force on the 3rd day of April, 2024.
[F. No. CBIC-190354/161/2023-TRU]
AMREETA TITUS, Dy. Secy.
