Compfie | Notification under Customs Act, 1962(52 of 1962) (dated – 19.07.2021)

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Notification under Customs Act, 1962(52 of 1962) (dated – 19.07.2021) – Ministry of Finance

In the said notification, –
in the Table, against serial numbers 2 and 3, in column (3), for the words „Duty of customs”, the words “Said duty, tax or cess” shall be substituted;
in the Explanation, after clause (c), the following clause shall be inserted, namely: –
“(d) on recommendation of the GST Council, for removal of doubt, it is clarified that the goods mentioned at serial numbers 2 and 3 of the Table, are liveable to integrated tax and cess as liveable under the said Customs Tariff Act, besides the customs duty as specified in the said First Schedule, calculated on the value as specified in column (3), and the exemption, under said serial numbers, is only from the amount of said tax, cess and duty over and above the amount so calculated.”.