[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. 50/2017 – Customs
New Delhi, the
30th June, 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), and in supersession of the notification of the Government of
India in the Ministry of Finance (Department of Revenue), No. 12/2012 -Customs,
dated the 17th March, 2017 published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i), vide number G.S.R. 185 (E) dated the 17th
March, 2017, except as respects things done or omitted to be done before such
supersession, the Central Government, on being satisfied that it is necessary
in the public interest so to do, hereby exempts the goods of the description
specified in column (3) of the Table below or column (3) of the said Table read
with the relevant List appended hereto, as the case may be, and falling within
the Chapter, heading, sub-heading or tariff item of the First Schedule to the
said Customs Tariff Act, as are specified in the corresponding entry in column
(2) of the said Table, when imported into India,-
(a) from so much of the
duty of customs leviable thereon under the said First Schedule as is in excess
of the amount calculated at the standard rate specified in the corresponding
entry in column (4) of the said Table; and
(b) from so much of
integrated tax leviable thereon under sub-section (7) of section 3 of said
Customs Tariff Act, read with section 5 of the Integrated Goods and Services
Tax Act, 2017 (13 of 2017) as is in excess of the amount calculated at the rate
specified in the corresponding entry in column (5) of the said Table,
subject to any of the
conditions, specified in the Annexure to this notification, the condition
number of which is mentioned in the corresponding entry in column (6) of the
said Table:
This notification shall come into effect on the 1st
day of July, 2017.
[F.No.
354/119/2017- TRU]
(Mohit Tewari)
Under Secretary to the Government of India
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