CBIC Amends the Notification Referencing Goods Exempted from the Levy of Excess Customs Duty and Integrated Tax

On 1st February 2023, the Central Board of Indirect Taxes and Customs (CBIC), under the authorisation of the Department of Revenue, through the exercise of powers as conferred under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), wherein the Central Government upon being satisfied that it is necessary for the public interest so to do, hereby issued the following stated amendments further amending Notification issued by the Government of India in the Ministry of Finance (Department of Revenue), No. 50/2017- Customs, issued on 30th June 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 785(E), issued on 30th June 2017 –