Seeks to amend notification No. 22/2022-Customs, dated 30.04.2022 to enable TRQ holders to import gold through IIBX under TRQ mechanism of India-UAE CEPA vide Notification No. 43/2022-Customs dated: 20th July, 2022

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi

Notification No. 43/2022-Customs | dated: 20th July, 2022

G.S.R. 587(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, 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. 22/2022-Customs,dated the 30th April, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 328 (E), dated the 30th April, 2022, namely:-

In the said notification, in the Annexure, in the Table, for the Condition No. 2 and the entries relating thereto, the following Condition No. and entries shall be substituted, namely: –

“2

(a) Importer-Exporter Code (IEC), mentioned in TRQ authorization specified in clause (b) of Condition No. 1 above, shall be Importer-Exporter Code (IEC) of nominated agencies as notified by RBI (in case of banks) or DGFT (for other agencies) or IFSCA (for qualified jewelers through India International Bullion Exchange). Additionally, TRQ authorization shall also contain GST Identification Number (GSTIN) of the jewellery manufacturer to whom TRQ is being issued.

(b) The importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017.”.

[F.No. CBIC-190354/223/2021-TO(TRU-I)-CBEC]

(Rajeev Ranjan) Under Secretary

Note: – The principal notification No. 22/2022-Customs, dated the 30th April, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 328 (E), dated the 30th April, 2022 and was last amended, vide notification No. 36/2022-Customs, dated the 30th June, 2022 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 489(E), dated the 30th June, 2022.

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