AIDC of 5% Exempted on Cotton of Staple Length Exceeding 32.0 mm
w.e.f. 20 Feb 2024
[Notification No.
11/2024-Customs dated 19 February, 2024]
Seeks to amend Notification
11/2021-Cus dated 01.02.2021 in order to exempt AIDC on goods falling under
tariff item 5201 00 25.
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), read with section 124 of the Finance Act, 2021 (13 of 2021), 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. 11/2021 – Customs, dated the 1st February, 2021,
published in the Gazette of India, Extraordinary, Part II, Section
3,Sub-section (i), vide number G.S.R. 69(E), dated
the 1st February, 2021, namely:-
In the said notification, in the Table,
for serial number 14 and the entries relating thereto, the following S. No. and
entries shall be substituted, namely: -
|
(1) |
(2) |
(3) |
(4) |
|
“14. |
5201
(other than 5201 00 25) |
All
goods (Other than goods of staple length exceeding 32.0 mm) |
5%”. |
2. This notification shall come
into force on the 20th of February, 2024.
[F. No. CBIC-190354/288/2021-TO(TRU-I)]