Notification No. 2/2001, Dated 8th Jan 2001

This Notification amends Notification No. 16/2000-Cus., dated 1-3-2000

8th January, 2001

Notification No. 2 / 2001-Customs

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 in the Ministry of Finance (Department of Revenue), No.16/2000-Customs, dated the 1st March, 2000, namely :-

In the said notification,-

(1) in the Table, after serial number 338 and the entries relating thereto, the following serial number and entries shall be inserted, namely:-

(1)	(2)	(3)	(4)	(5)	(6)
"338A.	98.01	Goods required for setting up of any Nuclear Power Project specified in List 34, having a capacity of 440 MW or more, as certified by an officer not below the rank of a Joint Secretary to the Government of India in the Department of Atomic Energy.	Nil	Nil	80A" ;

(2) in the ANNEXURE, after Condition No. 80 and the entries relating thereto, the following condition number and entries relating thereto shall be inserted, namely:-

Condition No.

Conditions

"80A.

(a) If an officer not below the rank of a Joint Secretary to the Government of India in the Department of Atomic Energy certifies that-

the power purchasing State has constituted the Regulatory Commission with full powers to fix tariffs;

the power purchasing State undertakes, in principle, to privatise distribution in all cities, in that State, each of which having a population of more than one million, within a period to be fixed by the Ministry of Power; and

the power purchasing State has agreed to provide recourse to that State’s share of Central Plan allocations and other devolutions towards discharge of any outstanding payment in respect of purchase of power;

(b) In the case of imports by a Central Public Sector Undertaking, the quantity, total value, description and specifications of the imported goods are certified by the Chairman and Managing Director of the said Central Public Sector Undertaking.";

(3) after List 33, the following List shall be inserted, namely:-
"List 34 (See S. No. 338A of the Table)
1. Tarapur Atomic Power Plants –3 and 4 (Maharashtra) – 1000 MW
2. Kudankulam (Tamil Nadu) – 2000 MW
3. Kaiga – 3 and 4 (Karnataka) – 440 MW.".

(PRASHANT KUMAR SINHA)

Under Secretary to the Government of India

F.No. 354/88/99-TRU

Note.- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 16/2000-Customs, dated the 1st March, 2000 [G.S.R. 168 (E), dated the 1st March, 2000] and was last amended by Notification No. 142/2000 – Customs, dated the 21st November, 2000 [G.S.R. 881 (E), dated the 21st November, 2000].

Frequently Asked Questions

What are Indian custom notifications, and why are they important?

Indian customs notifications are official announcements issued by the Central Board of Indirect Taxes and Customs (CBIC) to communicate updates in customs laws, duty rates, procedural changes, exemptions, and policy revisions.

They are important for importers, exporters, and logistics professionals to stay compliant with current regulations and avoid penalties or clearance delays.

How can Indian custom notifications impact my business?

Custom notifications can affect business operations by changing duty structures, documentation requirements, valuation norms, or trade facilitation guidelines.

Staying updated helps companies adjust their pricing, planning, and compliance practices. Ignoring these notifications may result in fines, incorrect duty payments, or disrupted customs clearance.

How often are Indian customs notifications released?

Indian custom notifications are released as and when regulatory changes, budget announcements, or policy amendments occur.

Notifications may be issued periodically or in response to urgent requirements, including tariff updates, procedure modifications, or global trade developments affecting import-export compliance.

Where can I find the latest Indian customs notifications?

The most authoritative source for the latest Indian customs notifications is the official CBIC website.

Additionally, Seair Exim Solutions curates these notifications and provides summaries and explanations within its trade intelligence platform to help users quickly understand key changes relevant to their business.

How should businesses respond to new Indian customs notifications?

When new custom notifications are released, businesses should assess the impact on duty rates, compliance requirements, and documentation processes.

Consulting with tax professionals or using trade intelligence tools as we do ensures accurate interpretation and timely implementation of changes in customs procedures.