Ind-Aus ECTA Notification Revised
·
BCD Cut by 1 to 14%
·
AIDC Rate Revised downwards by 1 to 8% for
the Table II covering Pulses, Crude Palam Oil, Wine and Coal
[Notification No. 50/2024-Customs dated 30 December, 2024]
Seeks
to give effect to the fourth tranche of tariff concessions under
India-Australia ECTA.
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.
For TABLE I, the following Table shall be substituted, namely: -
II.
For TABLE II, the following Table shall be substituted, namely: -
Substituted Table II
|
Table
II |
||||
|
Sl.No. |
Tariff Item |
Description |
BCD Rate in % (unless otherwise specified) |
AIDC Rate in % (unless otherwise specified) |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
1 |
7132090 |
All goods |
0.0 |
25.7 |
|
2 |
15071000 |
All goods |
10 |
5 |
|
3 |
15111000 |
All goods |
8.9 |
5 |
|
4 |
22041000, 20042110, 22042120, 22042190,
22042210, 22042220, 22042290, 22042910, 22042920, 22042990, 22043000,
22051000, 22059000 |
All goods having |
|
|
|
(a) CIF value for a 750 ml bottle greater
than or equal to 5 USD and less than 15 USD |
0 |
80 |
||
|
(b) CIF value for a 750 ml bottle greater
than or equal to 15 USD |
0 |
55 |
||
|
5 |
27011100 |
|
0 |
0 |
|
6 |
27011210 |
|
0 |
0 |
|
7 |
27011290 |
|
0.5 |
0 |
|
8 |
27011910 |
|
0 |
0 |
|
9 |
27011920 |
|
0 |
0 |
|
10 |
27011990 |
|
0 |
0 |
|
11 |
27012010 |
|
0 |
0 |
|
12 |
27012090 |
|
0 |
0 |
|
13 |
27030010 |
|
0 |
0 |
|
14 |
27030090 |
|
0 |
0 |
|
15 |
31021010 |
|
0 |
0 |
|
16 |
31021090 |
|
0 |
0 |
|
17 |
31023000 |
|
0 |
0 |
|
18 |
31053000 |
|
0 |
0”. |
2. This notification shall come into
force with effect from the 1st day of January, 2025.
[F.No.
CBIC-150354/236/2021-TRU]