Seeks to increase BCD rate on Gold
Seeks to increase BCD rate on Gold Notification No. 33/2022-Customs
G.S.R. 486(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, 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. 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, in the Table, –
(i) against S. No. 354, in Column (4), for the entry “6.9%”, the entry “11.85%” shall be substituted;
(ii) against S. No. 356, in Column (4), for the entry “7.5%”, at both the places, the entry “12.5%” shall be substituted;
(iii) against S. No. 357A, in Column (4), for the entry “7.5%”, the entry “12.5%” shall be substituted.
Note : The principal notification No.50/2017-Customs, dated the 30th day of June, 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 day of June, 2017 and last amended, vide notification No. 31/2022-Customs, dated the 7th June, 2022 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 428(E)., dated the 7th June, 2022.
