Concession to EVs imported to promote manufacturing
Seeks to amend No. 50/2017-Customs, dated the 30th June, 2017 to give concession to EVs imported under of the Ministry of Heavy Industries’ Scheme to promote manufacturing of electric passenger cars in India – Notification No. 19/2024-Customs
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 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, (1) in the Table, for S. No. 526A and the entries relating thereto, the following S. No. and entries shall be substituted, namely:
(2) in the Annexure, after condition number 116 and the entry relating thereto, the following condition number and entry shall be inserted, namely: –
| (1) | (2) |
| “117. | If the importer, at the time of import, furnishes a certificate from an officer not below the rank of a Joint Secretary to the Government of India in the Ministry of Heavy Industries (MHI) to the effect that,- (i) the importer holds a valid Approval Letter issued by the Ministry of Heavy Industries under the ‘Scheme to promote manufacturing of electric passenger cars in India’ notified videS.O. No. 1363 (E)dated 15th March, 2024, by the Ministry of Heavy Industries; (ii) the importer satisfies the conditions of the aforesaid scheme and the quantity of the vehicles being imported is within the limits prescribed in Para.1.3.5 and para.1.3.6 of the aforesaid scheme;and (iii) the importer is eligible for grant of this exemption in respect of the goods being imported.”. |
Note: The principal notification No. 50/2017-Customs, dated the 30thJune, 2017 was 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, and was last amended vide notification No. 16/2024-Customs, dated the 12th March, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), videnumber G.S.R. 183(E), dated the 12th March, 2024.
