CBIC Withdraws Customs Duty and AIDC Exemption on Import of Cooking coal and Anthracite/Pulverized Coal Injection [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) had earlier granted exemption from the levy of Customs Duty & Agriculture Infrastructure and Development Cess (“AIDC”) on the import of Cooking coal and Anthracite/Pulverized Coal Injection (“PCI”) with effect from 19^th November 2022.

Now, the CBIC has withdrawn the exemption with effect from November 19, 2022, via Notification No. 59/2022-Customs and Notification No. 60/2022-Customs, both dated November 18, 2022.

a notification issued a few days before, stated that “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, 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, 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, (1) S. Nos. 141A, 141B and the entries relating thereto shall be omitted; (2) S. No. 364D and the entries relating thereto shall be omitted; This notification shall come into force on the 19th day of November, 2022.”

Another notification issued by the CBIC said “In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), theCentral 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. 11/2021-Customs, dated the 1 st February, 2021,published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1 st February, 2021, namely: – In the said notification, in the Table, S. No. 10A and the entries relating thereto shall be omitted. This notification shall come into force on the 19th day of November, 2022.”

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates