Seeks to further amend notification No. 50/2017-customs dated 30th June 2017, to give effect to serial number 14A and the second proviso to the notification from the 18th day of September, 2018 to delay the implementation of retaliatory duties against US till 18th September, 2018.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 56/2018-Customs
New Delhi, the 3rd August, 2018
G.S.R. 740(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-customs dated 30th June 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30th June, 2017, namely:-
In the said notification, with effect from the 4th day of August, 2018 the following proviso shall be inserted after the second proviso, namely:-
“Provided also that the,-
(a) entries against serial number 14A, and
(b) the second proviso,
shall come into effect from the 18th day of September, 2018”.
[F.No. 341/1 5/201 8- TRU]
(MohitTewari)
Under Secretary to the Government of India
Note: The principal notification No. 50/2017-customs dated 30th June 2017 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30th June, 2017 and last amended, vide, notification No. 54/2018 -Customs, dated the 20th July, 2018, published, vide, number G.S.R.667 (E), dated the 20th July, 2018.
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First of all in my experience..the tax audit report is not taken seriously by any tax officers..ICAI must push the tax department to rely on Tax audit report and reduce burden of tax payer by asking lot of reconciliation and supporting documents..in the above case GST clause is as useless as TDS clause of 34 A..even assessing officer have no clue about the reason or usage of 34 A..