BCD Cut to Nil from 2.5% on Vessels and Other Floating Structures for Breaking Up

· Exemption Valid till 31 March 2025

· Steel Industry to Get Push

[Notification No. 13/2023-Customs dated 23 February, 2023]

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 the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely :-

In the said notification, in the Table, after S. No. 555 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1)	(2)	(3)	(4)	(5)	(6)
“555A.	8908 00 00	All Goods: Provided that nothing contained in this S. No. shall have effect after 31st March, 2025.	Nil	-	-”.

2. This notification shall come into force on the 24th day of February, 2023.

[F. No. CBIC-190354/16/2023-TRU Section-CBEC]