India Amends Customs Regulations: Gold/Silver Bank Import Exemptions Scrapped; Part of Missiles Included in Defence Exemption

[Notification No.34 2022-Customs dated 31^st October,2026]

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. 45/2025-Customs, dated the 24th October, 2025, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 781(E), dated the 24th October, 2025, namely: -

In the said notification,

(a) in TABLE I, S. No. 198 and the entries relating thereto shall be omitted;

(b) in the LISTS appended to TABLE I, Lists 13, 14 and 15 shall be omitted;

i against S. No. 36, for the entry in column (2), the entry “8906” shall be substituted;

ii against S. No. 60, for the entry in column (3), the following entry shall be substituted, namely:-

“Parts, sub-assemblies, spares, accessories, tools, testing equipment, literature for goods like artillery weapons, rifles, aircrafts, and missiles, except for 12.7mm SRCG, 155mm/45 Cal. Dhanush, L-70 Gun, 84mm RL Mk-III, AK-630 Naval Guns, Light Machine Gun, MAG Gun:

Provided that nothing contained in this S. No. shall have effect on or after the 1st July, 2029”.

2. This notification shall come into force on the 1st day of November, 2026.

[F. No. CBIC-190354/142/2026-TRU]