Amends the notification No. 1/2016-Customs (SG), dated the 29th March, 2016 [G.S.R. 363(E)].

Document Text

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) No. 2/2016-Customs (SG) Notification New Delhi, the 5th August, 2016 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 8B of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act) read with rules 12, 14 and 17 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.1/2016-Customs (SG), dated the 29th March, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.363(E), dated the 29th March, 2016, namely:- In the said notification, for paragraph 2, the following paragraph shall be substituted, namely:- The safeguard duty shall not be imposed on the subject goods, falling under “2. tariff item of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2) of the Table below, when imported into India, at or above the import price on CIF basis as mentioned in the corresponding entry in column (3), in the currency as specified in the corresponding entry in column (5) and as per unit of measurement as specified in the corresponding entry in column (4) of the said Table, namely :- S. No. (1) 1 2 3 4 5 6 7 8 9 Tariff Item (2) 7208 10 00 7208 25 10 7208 25 20 7208 25 30 7208 25 40 7208 25 90 7208 26 10 7208 26 20 7208 26 30 Import price on CIF basis (3) 445 500 500 445 445 500 500 500 445 Unit Currency (4) MT MT MT MT MT MT MT MT MT (5) US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 7208 26 40 7208 26 90 7208 27 10 7208 27 20 7208 27 30 7208 27 40 7208 27 90 7208 36 10 7208 36 20 7208 36 30 7208 36 40 7208 36 90 7208 37 10 7208 37 20 7208 37 30 7208 37 40 7208 37 90 7208 38 10 7208 38 20 7208 38 30 7208 38 40 7208 38 90 7208 39 10 7208 39 20 7208 39 30 7208 39 40 7208 39 90 7225 30 90 445 500 500 500 445 445 500 500 500 445 445 500 500 500 445 445 500 500 500 445 445 500 500 500 445 445 500 445 MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT MT US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar US Dollar Explanation. – For the purpose of this notification “import price on CIF basis” means the assessable value as determined under section 14 of the Customs Act, 1962 (52 of 1962).”. [F.No.354/219/2015-TRU] (Mohit Tiwari) Under Secretary to the Government of India Note: The principal notification No.1/2016-Customs (SG), dated the 29th March, 2016, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.363(E), dated the 29th March, 2016.

HS Codes Referenced

Acts & Provisions Referenced

• Customs Act, 1962 (52 of 1962).

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