BCD on All Types of Sugar Raised to Schedule Rate 100% from Notification Rate 50%

[Ref: Customs Notification 24 dated 06.02.2018]

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 Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India, in the 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, (A) in the Table,-

(i) S.No. 84 and the entries relating thereto shall be omitted;

(ii) S.No. 85 and the entries relating thereto shall be omitted;

(iii) S.No. 86 and the entries relating thereto shall be omitted;

(iv) S.No. 87 and the entries relating thereto shall be omitted;

(v) S.No. 88 and the entries relating thereto shall be omitted;

(B) in the ANNEXURE, condition numbers 4, 5, 6 and 7 shall be omitted.

[F.No.354/78/2009-TRU (Pt.)]

Notification Entries Removed from Ntfn 50/30.06.2017

SNo.

Chapter or Heading or sub–heading or tariff item

Description of goods

Standard
Rate

Integrated Goods and Services Tax

Condition
No

 

84.

1701

All goods

60%

-

-

85.

1701

Raw Sugar

[66/10.07.2017 – Duty Raised to 50% from 40%]

40% 50%

-

4

86.

1701

Refined or white sugar

[66/10.07.2017 – Duty Raised to 50% from 40%]

40% 50%

-

5

87.

1701

Raw sugar if imported by a bulk Consumer

[66/10.07.2017 – Duty Raised to 50% from 40%]

40% 50%

-

6

88.

1701

Raw Sugar upto an aggregate of five lakh metric tonnes of total imports of such goods. (Read with Condition No. 7 and 9 below)

Provided that the importer shall convert the raw sugar into white/ refined sugar within a period, not exceeding two months, from the date of filing of bill of entry or the date of entry inwards, whichever is later.

[See proviso (c) at end of this table – Exemption applicable on or after 01.07.2017]

[Exemption Duty Ref by SNo(88) in Ntfn 50-Customs/2017 dated 30.06.2017]

24/06.02.2018 – SNo. 84 to 88 omitted- Seeks to increase import duty on all types of sugar under tariff head 1701, [Raw sugar, Refined or White sugar, Raw sugar if imported by bulk consumer] from the present 50% to 100% (Tariff rate) with immediate effect and without an end date.

Nil

-

7 and 9