Indirect Tax Updates

CUSTOMS:

TARIFF NOTIFICATION

Notification No. 26/2020-Cus. Dated 02-06-2020 is issued amending Principal Notification No. 50/2017 Cus. dated 30-06-2017 (Jumbo Notification) whereby Serial No. 21E and 21F is added as under:

Sr No CTH Description BCD Rate ADC Condition
21E 0713 40 00 Lentils (Masur)

10%

21F 0713 40 00 Lentils (Mosur) originating in or exported from U.S.A.

30%

 

The above rates of duty of Customs shall NOT be effective after 31st August 2020.

Thus, the benefit of reduced rates of Customs Duties shall be effective only for the period from 2nd June 2020 till 31st August 2020.

 

NON TARIFF NOTIFICATION:

Notification No. 50/2020 Cus. (N.T.) dated 05-06-2020 is issued whereby the following officers posted anywhere at Customs Station in India as PROPER OFFICER to assess the Bill of Entry filed electronically under Section 46 of the Customs Act, 1962 (BE for Home Consumption) or Section 68 of the Customs Act, 1962 (BE for Warehousing) from anywhere in India where such Bill of Entry is presented by Customs Automated System.

  Designation of Officer Function under Customs Act, 1962
1 Superintendent of Customs, GST and Central Excise OR

Appraiser

Section 17(2), 17(3) and 17(4)
2 Deputy or Assistant Commissioner of Customs 17(5)

 

From this Notification, the CBIC has given powers to the respective officer to assess or to function under the said Customs Act provisions for Import Goods even if such goods are not imported into the port where such officer is posted.

 

ANTI DUMPING DUTY NOTIFICATION:

A) Notification No 11/2020 Cus (ADD) dated 03-06-2020 is issued whereby effect of Principal Notification No. 28/2017 Cus (ADD) dated 5th June 2015 imposing Anti-Dumping Duty on import of ‘Hot Rolled Flat Products of Stainless Steel of ASTM Grade 304 with all its variants as per the detailed description hereunder’ originating in or exported from People’s Republic of China, Malaysia and the Republic of Korea, has been extended till 4th December 2020 (inclusive) from 5th June 2020 (inclusive).

 

B) Notification 12/2020 Cus. (ADD) dated 03-06-2020 is issued in wake of directives from the Designated Authority of Anti Dumping Duty, imposing ADD on following goods:

Sr No CTH  Goods Country of Origin Country of Export Producer Duty Amount5 in UDS/piece
1  

8470

 

Electronic Calculators

Malaysia Any Country including Malaysia ANY 0.92
2 Any other Country other than Malaysia Malaysia ANY 0.92

 

However, it may be noted that “Electronic Calculator” excludes the following:

      I) Calculators with attached printers, commonly referred to as printing calculators;

      II) Calculators with ability to plot charts and graphs, commonly referred to as graphing calculators;

      III) Programmable calculators

 

This Anti Dumping Duty is effective for the period of 5 years from the date of issue (both days inclusive).

 

 

IMPORT EXPORT POLICY (DGFT)

 

The DGFT vide Notification No. 04/2015-2020 dated 6th May 2020 had Prohibited export of Alcohol Based Sanitizers (ITC 3004/ 3401 / 3402 and 380894).

A new amending Notification No 08/205-2020 dated 1st June 2020 is issued whereby Prohibition is now only to  “Alcohol Based Sanitizers in containers with dispenser pumps

 

Thus, now only “Alcohol Based Sanitizers in container with dispenser pumps” is prohibited whereas Alcohol Based Sanitizers falling under ITC mentioned above in other packing are FREE for exports.

 

 

 

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