On September 27, 2023, the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, issued Notification No. 70/2023-Customs (N.T.). This notification brings significant amendments to the Customs Act, 1962, particularly concerning Section 51. Section 51 deals with the clearance of goods for exportation. The amendment extends the exemption of deposits related to this section until December 1, 2023.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 70/2023-Customs (N.T.) | Dated: 27th September, 2023
S.O. 4254(E).— In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, on being satisfied that it is necessary and expedient to do so, hereby makes the following further amendments to the Notification No.19/2022-Customs (N.T.) dated the 30th March, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide S.O. 1512 (E), dated the 30th March, 2022, namely, –
In the said notification, in para 2, for the words, ‘1st October, 2023′, the words ‘1st December, 2023′ shall be substituted.
[F. No. 442/02/2017-Cus IV(Pt)]
RADHE KRISHNA, Under Secy.
Note: The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide notification no. 19/2022–Customs (N.T.), dated the 30th March, 2022, vide number S. O. 1512 (E), dated the 30th March, 2022 and was amended by notification no. 48/2022-Customs (N.T.) dated the 31st May, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 2494 (E), dated the 31st May, 2022, notification no. 99/2022-Customs (N.T.) dated the 29th November, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 5540 (E), dated the 29th November, 2022, notification no. 19/2023-Customs (N.T.) dated the 30th March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 1529 (E), dated the 30th March , 2023, notification no. 30/2023-Customs (N.T.) dated the 26th April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 1934 (E), dated the 26th April, 2023 and notification no. 48/2023-Customs (N.T.) dated the 30th June, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide S.O. 2830(E), dated the 30th June, 2023.