CUSTOMS Notification No 74 of 2017 dt 7th September, 2017

 

Notification no 74/2017 Customs date on 7th September, 2017

  

seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to reduce the BCD on raw sugar [1701] upto a quantity of 3 lakh MT from 50% to 25% subject to the Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by DGFT.

 

The extract of CUSTOMS Notification No. 74/2017- CUSTOMS is given below:

 

Notification No. 74/2017-CUSTOMS

  

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

 

Notification No. 74/2017-Customs

 

New Delhi, the 7th September, 2017

 

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) and sub-section (12) of section 3 of 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 amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 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, in the Table, after serial number 88 and the entries relating thereto, the following serial number and the entries shall be inserted, namely:-

 

 

(1)

(2)

(3)

 

(4)

(5)

(6)

 

 

 

 

 

 

 

“88 A

1701

Raw  Sugar  upto  an  aggregate  of

three  lakh

25%

-

7 and 9”.

 

 

metric tonnes of total imports of such goods.

 

 

 

 

 

Provided that the import of raw sugar in

 

 

 

 

 

physical  form  is  completed  within  sixty  (60)

 

 

 

 

 

days from the date of issue of the Tariff Rate

 

 

 

 

 

Quota  Allocation  Certificate  or  license  by

 

 

 

 

 

Directorate General of Foreign Trade

(DGFT) to

 

 

 

 

 

the importer.

 

 

 

 

 

 

Provided  further  that  the  importer  shall

 

 

 

 

 

convert the raw sugar into white/ refined sugar

 

 

 

 

 

within a  period, not exceeding thirty (30) days,

 

 

 

 

 

from the date of filing of bill of entry or the date

 

 

 

 

 

of entry inwards, whichever is later.

 

 

 

 

 

 

 

[F.No.354/78/2009-TRU (Pt.)]

 

 

 

 

 

(Mohit Tewari)

 

 

Under Secretary to the Government of India

 

Note: The principal notification No.50/2017-Customs, dated the 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. 71/2017-Customs, dated the 11th August, 2017, published vide number G.S.R.1012 (E), dated the 11th August, 2017.

 

 

 

 

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