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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 34/2019-Customs
New Delhi, the 30th September, 2019
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) and sub-section (12) of section 3 of 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 amendment in the notification of the
Government of India, in the 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, -
(I) In the Table,
(a) against S. No. 359A, for the entry in column (3), the entry, “Import of gold,
silver or platinum by specified banks and other entities (as per List 34)”, shall be
substituted;
(b) against S. No. 557A, in column (3), for the words “taken on lease by the importer
for use after import”, the words, figures and brackets, “under a transaction
covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services
Tax Act, 2017”, shall be substituted;
(c) against S. No. 557B, in column (3), for the words “under lease, by the importer
for use after import”, the words, figures and brackets, “under a transaction
covered by item 1(b) or 5(f) of Schedule II of the Central Goods and Services
Tax Act, 2017”, shall be substituted;
(d) after S. No. 557B and the entries relating thereto, the following S. No. and entries
shall be inserted, namely: -
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
| “557C |
89 |
Ships/ Vessels for providing cable laying
or repairing services
in Indian Customs
waters |
-- |
Nil |
105”; |
(II) in the ANNEXURE, -
(i) after Condition No. 104 and the entries relating thereto, the following Condition
No. and entries shall be inserted, namely: -
Condition
No. |
Condition |
| “105 |
The importer, by the execution of bond, in such form and for such
sum
as may be specified by the Commissioner of Customs, binds himself
to,
-
(i) pay duty on goods used in cable laying or repairing
services,
leviable under the Customs Act, 1962 and integrated tax
leviable under Section 3 (7) of the Customs Tariff Act, 1975;
(ii)
pay applicable integrated tax leviable under section 5(1) of the
Integrated Goods and Services Tax Act, 2017 on cable laying
or repair
service;
(iii)to furnish an undertaking to the Deputy Commissioner of
Customs or the Assistant Commissioner of Customs, as the
case may be,
to the effect that the imported goods shall not be
cleared for home
consumption, and shall be used only for the
intended purpose;
(iv)to re-export the ship/ vessel immediately after completion of
the
said cable laying or repairing service;
(v) to pay on demand an
amount equal to the integrated tax
payable on the said goods but for
the exemption under this
notification in the event of violation of
any of the above
conditions.”; |
(III) in List 34, after item number (41), and the entries relating thereto, the following shall be inserted, namely: -
“(42) Diamond India Limited (DIL).”
.
2. This notification shall come into force on the 1st day of October, 2019
[F.No.354/131/2019-TRU]
(Ruchi Bisht)
Under Secretary to the
Government of India
Note: The principal
notification No.50/2017-Customs, dated the 30th June, 2017 was
published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide
number G.S.R. 785(E), dated the 30th June, 2017 and last amended vide
notification No.
31/2019-Customs, dated the 24th September, 2019, published vide number G.S.R.684(E),
dated the 24th September, 2019.
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