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CBEC amends notification No. 50/2017-Customs to prescribe BCD and IGST rates on certain goods

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

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 77/2017-Customs

New Delhi, the 13th October 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,

(a) in the Table, –

(i) after serial number 212 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –

“212A 30 Medicines/drugs/vaccines supplied free by United Nations International Children’s Emergency Fund (UNICEF), Red Cross or an International Organisation subject to specified conditions. Explanation: For the purpose of this notification, – “International Organisation means an International Organisation to which the Central Government has declared, in pursuance of section 3 of the United Nations (Privileges and Immunities Act) 1947 (46 of 1947), that the provisions of the Schedule to the said Act shall apply Nil N`il 103”;

(ii) after serial number 359 and the entries relating thereto, the following serial number and entries shall be inserted, namely: –

“359A 71 Import of gold by specified banks and specified Public Sector Units (as per List 34). Nil -”;

(iii) after S. No. 557 and the entries relating thereto, the following shall be inserted, namely:-

“557A 89 Rigs and ancillary items imported for oil or gas exploration and production taken on lease by the importer for use after import. Nil 102”;

(iv) after S. No. 608 and the entries relating thereto, the following shall be inserted, namely: –

“608A 9804 Bonafide gifts imported by post or air upto CIF value limit of 5000 rupees and exempted from any prohibition in respect of the imports thereof under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) Nil Nil 102”;

(b) in the Annexure,

(i) after condition No. 102, the following condition shall be inserted, namely:

Condition No. Condition
“103 If the importer at the time of import-

 (1) furnishes a certificate from an officer not below the rank of a Deputy Secretary to the Government of India in the Department of Health and Family Welfare, Government of India, to the effect that the imported medicines or drugs or vaccines (in respect of description, quantity and technical specifications) are supplied by United Nations International Children’s Emergency Fund (UNICEF), Red Cross or an international organisation and are required for Central Government/State Government sponsored immunisation programmes; and

 (2) furnishes an undertaking to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, to the effect that the imported goods shall be used for the above purpose and he shall pay, on demand, in the event of his failure to use the imported goods for the above purpose, an amount equal to the difference between the duty leviable on such quantity of the imported goods but for the exemption under this notification”;

 

(ii) after List 33 and the entries relating thereto, the following list and entries shall be inserted namely: –

“List 34 (See S. No. 359A of the Table)

1. Allahabad Bank

2. Axis Bank

3. Bank of Baroda

4. Bank of India

5. Bank of Nova Scotia

6. Canara Bank

7. Corporation Bank

8. Andhra Bank

9. The Federal Bank Ltd

10. HDFC Bank

11. ICICI Bank

12. Indian Bank

13. IndusInd Bank Ltd

14. Indian Overseas Bank

15. Kotak Mahindra Bank

16. Oriental Bank of Commerce

17. Punjab National Bank

18. State Bank of India

19. Syndicate Bank

20. Union Bank of India

21. Bank of Maharashtra

22. Central Bank of India

23. City Union Bank Ltd

24. Dhan laxmi Bank

25. ING Vysya Bank

26. Karur Vysya Bank

27. Punjab and Sind Bank

28. South Indian Bank

29. Standard Chartered Bank

30. State Bank of Bikaner and Jaipur

31. State Bank of Hyderabad

32. State Bank of Mysore

33. State Bank of Patiala

34. State Bank of Travancore

35. Yes Bank 36. Dena Bank

37. Metals and Minerals Trading Corporation of India (MMTC)

38. The Handicraft and Handlooms Exports Corporation of India Ltd

39. PEC Limited

40. The State Trading Corporation of India Ltd

41. MSTC Ltd”

[F. No. 354/119/2017-TRU (Pt. III)]

(Ruchi Bisht)

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, Subsection (i), vide number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide notification No. 76/2017-Customs, dated the 15th September, 2017, published vide number G.S.R. 1181 (E), dated the 15th September, 2017

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