CUS NTF NO.40/2021 DATE 19/08/2021
Seeks to amend Notification for reduction in the BCD on Oil, from 20th August 2021.
G.S.R. (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 makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 34/2021-Customs, dated the 29th June, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i), vide number G.S.R. 449(E), dated the 29th June, 2021, namely:-
In the said notification, -
in the Table, after S.No.2 and the entries relating thereto, the following S.No. and entries shall be inserted, with effect from 20th August, 2021, namely: -
|
S. No. |
Chapter, heading, subheading or tariff item |
Description |
Standard Rate |
|
(1) |
(2) |
(3) |
(4) |
|
“3. |
1507 10 00 |
All goods |
7.5% |
|
4. |
1507 90 10 |
All goods |
37.5% |
|
5. |
1512 11 10 |
All goods |
7.5% |
|
6. |
1512 19 10 |
All goods |
37.5%”; |
[F.No. CBIC-190354/166/2021-TO(TRU-I)-CBEC]
(Gaurav Singh)
Deputy Secretary to the Government of India
Presented by eximkey.com