Seeks to give effect to the first tranche of tariff concessions under India Australia ECTA

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[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)
NOTIFICATION No. 62/2022-Customs

New Delhi, the 26th December, 2022

G.S.R..…(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, being satisfied that it is necessary in the public interest so to do, hereby exempts,
–
(i) goods of the description as specified in column (3) of the TABLE I appended below and falling under
the Tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in the
corresponding entries in column (2) of the said TABLE, from so much of the duty of customs leviable
thereon as is in excess of the amount calculated at the rate specified in the corresponding entries in
column (4) of the said TABLE;
(ii) goods of the description as specified in column (3) of the TABLE II appended below and falling under
the Tariff heading or Tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as
specified in the corresponding entries in column (2) of the said TABLE, from so much of the duty of
customs leviable thereon as is in excess of the amount calculated at the rate specified in the
corresponding entries in column (4) of the said TABLE and from so much of the Agriculture
Infrastructure and Development Cess (AIDC) leviable under section 124 of the Finance Act, 2021 (13
of 2021), as is in excess of the amount calculated at the rate specified in the corresponding entries in
column (5) of the said TABLE;
(iii) goods of the description specified in column (3) of the TABLE III appended below, and falling within
the Tariff item of the First Schedule to the Customs Tariff Act, 1975, as are specified in the
corresponding entries in column (2) of the said TABLE, in such quantity of total imports of such goods
in a year, as specified in column (5) of the said TABLE, from so much of that portion of the applied
rate of duty of customs leviable thereon as is specified in the corresponding entries in column (4) of the
said TABLE, subject to any of the conditions, specified in the Annexure to this notification, the
condition number of which is mentioned in the corresponding entries in column (6) of the said TABLE;
Explanation. – For the purposes of this condition, “applied rate of duty” means the sum of the standard
rate of duty specified in the First Schedule to the Customs Tariff Act, 1975 and Agriculture
Infrastructure and Development Cess leviable under section 124 of the Finance Act, 2021 (13 of 2021)
in respect of the goods specified in the said TABLE, read with any other notification for the time being
in force, issued in respect of such goods under sub-section (1) of section 25 of the Customs Act, 1962
(52 of 1962);
(iv) goods of the description specified in column (3) of the TABLE IV appended below, and falling within
the Tariff item of the First Schedule to the Customs Tariff Act, 1975, as are specified in the
corresponding entry in column (2) of the said TABLE, in such quantity of total imports of such goods
in a year, as specified in column (4) of the said TABLE, from so much of the duty of customs leviable

download full PDF = cst-62-2022 (3)

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