Notifications on the Export Duty on Onion

Notifications on the Export Duty on Onion

Seeks to amend Second Schedule to the Customs Tariff Act to prescribe export duty on onions – NOTIFICATION No. 47/2023-Customs

G.S.R. 616(E).—Whereas, the Central Government is satisfied that export duty should be levied on certain articles and that circumstances exist which render it necessary to take immediate action. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner, namely: –

In the Second Schedule to the Customs Tariff Act, Sl. No. 1 shall be re-numbered as Sl. No. 1A, and before Sl. No. 1A as so re-numbered, the following serial number and entries shall be inserted, namely: –

Seeks to prescribe an effective export duty of 40% on onions till 31st December 2023- NOTIFICATION No. 48/2023-Customs

G.S.R. 617(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 exempts the goods of the description specified in column (3) of the Table below, falling within the Chapter, heading, sub–heading or tariff item of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), specified in the corresponding entry in column (2) of the said Table, when exported out of India, from so much of the duty of customs leviable thereon under the said Second Schedule as is in excess of the amount calculated at the rate of duty specified in the corresponding entry in column (4) of the said Table, namely: –

TABLE

2. This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the 31st December, 2023.

Notification

Read Updates on CBIC, Customs