Abhishek Raja "Ram"
6 months ago
🚨 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁 𝘁𝗼 𝗖𝘂𝘀𝘁𝗼𝗺𝘀 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 – 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟭𝟵/𝟮𝟬𝟮𝟱-𝗖𝘂𝘀𝘁𝗼𝗺𝘀 🚨 📢 For more updates, please join our WhatsApp group! chat.whatsapp.com/EsgKKbjFino0yUppqbeTcQ The Ministry of Finance (Department of Revenue), Government of India, has introduced modifications to Notification No. 27/2011-Customs through Notification No. 19/2025-Customs, revising import duty provisions. [img:XbtAjqAlw]
🔹 𝗟𝗲𝗴𝗮𝗹 𝗕𝗮𝘀𝗶𝘀: 𝗧𝗵𝗶𝘀 𝗮𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁 𝗶𝘀 𝗶𝘀𝘀𝘂𝗲𝗱 𝘂𝗻𝗱𝗲𝗿: ✔ Section 25(1) of the Customs Act, 1962 (52 of 1962) ✔ Implemented in the public interest to streamline trade regulations and import duties.
🔹 𝗞𝗲𝘆 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁: 📌 Changes in Notification No. 27/2011-Customs (1st March 2011) ✅ 𝗥𝗲𝘃𝗶𝘀𝗲𝗱 𝗜𝗺𝗽𝗼𝗿𝘁 𝗗𝘂𝘁𝘆: 🔹 For S. No. 1, in column (4), the previous duty has been changed to “Nil”.
📆 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗗𝗮𝘁𝗲: 🔹 This amendment will come into effect from 1st April 2025. 📜 𝗢𝗳𝗳𝗶𝗰𝗶𝗮𝗹 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 📄 𝗙𝗶𝗹𝗲 𝗡𝗼.: 190354/43/2025-TRU
📌 𝗥𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: ✔ The principal notification No. 27/2011-Customs, dated 1st March 2011, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) (G.S.R. 153(E)). ✔ It was last amended via Notification No. 3/2025-Customs, dated 1st February 2025 (G.S.R. 96(E)).
📢 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀: ✔ Businesses and importers should update their customs duty calculations accordingly. ✔ Customs brokers and trade professionals must ensure compliance with the revised duty structure. ✔ This step simplifies trade regulations and reduces duty liabilities on specified imports. #CustomsUpdate #FinanceMinistry
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