India-Aus ECTA

Customs Notification 62/2022 to Amend to Align the HS Codes Changes with Finance Act, 2023, w.e.f. 01.05.2023

·         No Change in Rate of Duty

·         Zero BCD and AIDC on Coking Coal, 5% IGST Applies

·         1.5% AIDC on Other Bituminous Coal

·         TRQ on Cotton of minimum 28 mm staple length – The words “Extra Long Staple” removed

[Notification No. 38/2023-Customs dated 23 May, 2023]

Seeks to amend Australia FTA notification to make changes in tariff preference given to Coking Coal and Raw Cotton arising out of Finance Act, 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), 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 in the Ministry of Finance (Department of Revenue), No. 62/2022-Customs, dated the 26th December, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 904(E), dated the 26th December, 2022, namely:-

In the said notification,

I.     in Table II, -

(i)    S.No. 6 and the entries relating thereto shall be omitted;

(ii)   against S.No. 7, for the entries in column (2) and column (3), the entries “27011210” and “All Goods” shall be substituted respectively;

(iii)   after S. No. 7 and the entries relating thereto, the following S.No. and entries shall be inserted, namely: -

SNo

Heading

Description

BCD%

AIDC%

(1)

(2)

(3)

(4)

(5)

“7A.

27011290

All goods

0

1.5

7B.

27011910

All goods

0

0”.

II.       in Table IV, -

(i)    against S. No. 1, for the entries in column (2) and column (3), the entries “52010024, 52010025” and “Cotton of minimum 28 mm staple length” shall be substituted respectively.

[F.No. CBIC-190354/62/2023-TRU]

 

[Amended entries as below:

Table II

6.

27011200

All goods (Bituminous coal)

0

1.5

7.

2701

27011210

Coking Coal

All Goods

0

0

7A

27011290

All goods

0

1.5

7B.

27011910

All goods

0

0”.

Table IV

SNo.

Tariff Item

Description

Tariff Rate Quota Quantity

In-quota tariff rate

In-quota AIDC rate

Condition

(1)

(2)

(3)

(4)

(5)

(6)

(7)

1.

52010020

5201 00 24, 5201 00 25

Extra Long Staple Cotton of minimum 28 mm staple length

51,000 Metric Tons

0%

0%

1