The Central Board of Indirect Taxes and Customs (CBIC) amended the notification No. 52/2017-Customs, dated June 30, 2017 which seeks to prescribe effective rate of duty on goods consequent to enactment of Finance Act, 2021.
The Board notified that for Petroleum crude the standard rate of duty will be Re 1 per tonne and in case of All goods the standard rate will be nil.
The notification shall come into force on the 1st April, 2021.
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