Central Govt notifies amendment in Customs Duty Exemption on Import of Textile Machineries until 31st March 2025 [Read Notification]
![Central Govt notifies amendment in Customs Duty Exemption on Import of Textile Machineries until 31st March 2025 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/09/Central-Govt-amendment-Customs-Duty-Exemption-Textile-Machineries-taxscan.jpg "Central Govt notifies amendment in Customs Duty Exemption on Import of Textile Machineries until 31st March 2025 [Read Notification]")
The Central Government vide notification no. No. 52/2023-Customs G.S.R 653(E) issued on 5th September 2023 has notified the amendment in the customs duty exemption on import of textile machineries until 31st March 2025. This amendment added new machineries to the exemption list. The government aims to extend the applicability. In the revised list, Serial Number 460 has been expanded...
The Central Government vide notification no. No. 52/2023-Customs G.S.R 653(E) issued on 5th September 2023 has notified the amendment in the customs duty exemption on import of textile machineries until 31st March 2025. This amendment added new machineries to the exemption list. The government aims to extend the applicability.
In the revised list, Serial Number 460 has been expanded to include shuttleless rapier looms, shuttleless waterjet looms, and shuttleless airjet looms, each with designated speed requirements.
Exercising the authority granted by sub-section (1) of section 25 of the Customs Act, 1962, and sub-section (12) of section 3 of the Customs Tariff Act, 1975, the Central Government, upon determining that it is necessary in the public interest, has introduced the following additional amendments to the notification issued by the Government of India in the Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated June 30, 2017, as published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), under number G.S.R. 785(E), dated June 30, 2017.
In the said notification, in the Table, for S.No. 460 and the entries relating thereto, the following S.No. and entries shall be substituted, namely:-
| (1) | (2) | (3) | (4) | (5) | (6) |
| “460 | 8446, 8448 | The following goods (other than old and used) for use in the textile industry, namely:- (i) Shuttleless Rapier Looms [above 650 meters per minute]; (ii) Shuttleless Waterjet Looms [above 800 meters per minute]; (iii) Shuttleless Airjet Looms [above 1000 meters per minute]; | Nil Nil Nil | - - - | - - - |
| (iv) Parts and components for use in manufacturing of shuttleless looms Provided that nothing contained in this S.No. shall have effect after 31st March, 2025. |
To Read the full text of the Order CLICK HERE
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