Palm Stearin Exemptions of HS 3823 Shifted to HS 1511 Following
Reclassification
[Customs
Notification No. 18 dated 9th May 2017]
Seeks
to amend notification No. 12/2012 dated 17.03.2012 so as to make effective rates
of BCD on industrial grade palm stearin (crude, RBD or other) which were
earlier classifiable under sub-heading 3823 11 and are now classifiable under
1511 90 30 consequent to the amendments carried out vide the Finance Act, 2017.
In
exercise of the powers conferred by sub-section (1) of section 25 of the
Customs Act, 1962 (52 of 1962), the Central Government, 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.12/2012-Customs, dated the 17th
March, 2012, published in the Gazette of India, Extraordinary, Part II, Section
3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012,
namely:-
In
the said notification, in the Table,-
(i) after
serial number 59 and the entries relating thereto, the following serial number
and entries shall be inserted, namely:-
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
|
“59A.
|
1511
|
Palm
stearin, whether crude, RBD or other, having free fatty acid (FFA) 20% or
more |
7.5%
|
-
|
-
|
|
59B.
|
1511
|
Palm
stearin, whether crude, RBD or other, having free fatty acid (FFA) 20% or
more for the manufacture of oleochemicals. |
Nil
|
-
|
5”;
|
(ii) serial number
187A and 187 B and the entries relating thereto shall be omitted.
[F.No.354/73/2017-TRU]