The Central Board of Indirect Taxes and Customs (CBIC) rescinded 3 Customs Duty Notifications.
The CBIC rescinded notification Nos. 1/2011-Customs, dated the 6th January, 2011; 34/2017-Customs, dated the 30th June, 2017 and 75/2017-Customs, dated the 13th September, 2017.
Firstly, Notification No. 1/2011-Customs, dated the 6th January, 2011 which exempts all items of machinery, including prime movers, instruments, apparatus and appliances, control gear and transmission equipment and auxiliary equipment (including those required for testing and quality control) and components, required for the initial setting up of a solar power generation project or facility, when imported into India, from so much of the duty of customs leviable, as is in excess of 5% ad valorem, and from the whole of the Additional Duty of Customs leviable thereon under section 3 of the said Customs Tariff Act.
Secondly, Notification No. 34/2017-Customs, dated the 30th June, 2017 which seeks to grant Exemption to Tags and labels, or printed bags of foreign origin imported for repairs and return.
Thirdly, Notification No. 75/2017-Customs, dated the 13th September, 2017 which seeks to exempt goods imported for organizing FIFA under 17, world cup, 2017.
The CBIC rescinded notification Nos. 1/2011-Customs, dated the 6th January, 2011; 34/2017-Customs, dated the 30th June, 2017 and 75/2017-Customs, dated the 13th September, 2017.
Firstly, Notification No. 1/2011-Customs, dated the 6th January, 2011 which exempts all items of machinery, including prime movers, instruments, apparatus and appliances, control gear and transmission equipment and auxiliary equipment (including those required for testing and quality control) and components, required for the initial setting up of a solar power generation project or facility, when imported into India, from so much of the duty of customs leviable, as is in excess of 5% ad valorem, and from the whole of the Additional Duty of Customs leviable thereon under section 3 of the said Customs Tariff Act.
Secondly, Notification No. 34/2017-Customs, dated the 30th June, 2017 which seeks to grant Exemption to Tags and labels, or printed bags of foreign origin imported for repairs and return.
Thirdly, Notification No. 75/2017-Customs, dated the 13th September, 2017 which seeks to exempt goods imported for organizing FIFA under 17, world cup, 2017.
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