Notification No. 54/2001, Dated 11th May 2001

11^th May 2001

Notification No. 54/2001-Customs

In exercise of the powers conferred by proviso to sub-section (1) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) and in supersession of the notification of the Government of India in the Ministry of Finance ( Department of Revenue), No. 37/ 2001-Customs, dated the 31st March, 2001, published in the Gazette of India, Extraordinary, vide number G.S.R. 240(E), dated the 31st March, 2001, the Central Government, having regard to the excise duties for the time being leviable on like alcoholic liquors produced or manufactured in different States, or the excise duties which would be leviable for the time being in different States on the class or description of alcoholic liquor, as the case may be, hereby specifies, on goods of the description specified in column (2) of the Table below, and falling under the heading Nos. of the First Schedule to the said Customs Tariff Act as are specified in the corresponding entry in column (1) of the said Table, when imported into India, the rates of additional duty specified in the corresponding entry in column (3) of the said Table.

Table

Heading No.	Description of goods		Rate of additional duty
(1)	(2)		(3)
22.03, 22.04, 22.05, 22.06, or 22.08	All goods put up in bottles or cans or any other packing, for ultimate sale in retail and having a CIF price, -
		(a) not exceeding US $ 20 per case;	150% ad val.
		(b) exceeding US $ 20 but not exceeding US $ 40 per case;	100% ad val.
		(c) exceeding US $ 40 per case	75% ad val.
	Explanation : For the purpose of this notification, -
	(i) "case" means a packing containing a total volume of nine litres of liquor;
	(ii) the CIF price of any goods put up in packings of a size other than nine litres shall be determined on a pro-rata basis.

G.D.Lohani
Under Secretary to the Government of India

F.No. B-10/1/2001-TRU

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.