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Date: 19-10-2023
Notification No: Notification No. 60/2023-Customs
Issuing Authority: Indian Customs  
Type: Tariff
File No: [F. No. CBIC-190354/195/2023-TO(TRU-II)]
Subject: Seeks to amend notification no. 50/2017-Customs in order to implement recommendations made by the GST Council during its 52nd Meeting with respect to GST rates on goods.
Untitled 1

Notification No. 60/2023-Customs
New Delhi, dated the 19th October, 2023

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 the Customs Tariff Act, 1975
(51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest
so to do, hereby makes the following further amendments 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, in the Table, after the entry 551 and the entries relating thereto, the
following Sl. No. and entries shall be inserted namely: -

(1) (2) (3) (4) (5) (6)
“551 A. 8901 Foreign Going Vessel converted for a
coastal run:
Provided that such vessel re-converts to
a foreign going vessel within six months
from the date of such conversion.
Explanation. - For the purpose of this entry,
(i) “Foreign going vessel” shall have the
same meaning as assigned to it under clause
(21) of Section 2 of the Customs Act1962.
(ii) “Conversion to coastal Vessel” shall
include the vessel granted necessary license
under the Merchant Shipping Act,1958
- Nil -”;

 2. in the Annexure, -
(I) in List 34A, for the entries, the following entries shall be substituted, namely:-

“1. Axis Bank Limited
2. Bank of India
3. Federal Bank Limited
4. HDFC Bank Limited
5. Industrial and Commercial Bank of China Limited
6. ICICI Bank Limited
7. IndusInd Bank Limited
8. Indian Overseas Bank
9. Kotak Mahindra Bank Limited
10. Karur Vysya Bank Limited
11. Punjab National Bank
12. RBL Bank Limited
13. State Bank of India
14. Union Bank of India
15. Yes Bank Limited”

(II) in List 34B, item number 2 and the entries relating thereto shall be omitted.
3. This notification shall come into force with effect from the 20th day of October, 2023.

[F. No. CBIC-190354/195/2023-TO(TRU-II)]
Vikram Wanere
Under Secretary

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, Sub-Section (i), vide number
G.S.R. 785(E)., dated the 30th June, 2017 and was last amended vide notification No. 54/2023-
Customs, dated the 14th September, 2023,
published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-Section (i), vide number G.S.R. 668(E)., dated the 14th September, 2023.


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