Import prices on CIF basis at or above which safeguard duty on subject goods will not be applicable

By | September 8, 2016
(Last Updated On: September 8, 2016)

Seeks to amend notification No. 1/2016-Customs(SG) dated 29.03.2016 to prescribe import prices on CIF basis at or above which safeguard duty on subject goods will not be applicable

Government of India

Ministry of Finance

(Department of Revenue)

Notification No. 2/2016-Customs (SG)

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:-

“2. The safeguard duty shall not be imposed on the subject goods, falling under 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.Tariff ItemImport price on CIF basisUnitCurrency
(1)(2)(3)(4)(5)
17208 10 00445MTUS Dollar
27208 25 10500MTUS Dollar
37208 25 20500MTUS Dollar
47208 25 30445MTUS Dollar
57208 25 40445MTUS Dollar
67208 25 90500MTUS Dollar
77208 26 10500MTUS Dollar
87208 26 20500MTUS Dollar
97208 26 30445MTUS Dollar
107208 26 40445MTUS Dollar
117208 26 90500MTUS Dollar
127208 27 10500MTUS Dollar
137208 27 20500MTUS Dollar
147208 27 30445MTUS Dollar
157208 27 40445MTUS Dollar
167208 27 90500MTUS Dollar
177208 36 10500MTUS Dollar
187208 36 20500MTUS Dollar
197208 36 30445MTUS Dollar
207208 36 40445MTUS Dollar
217208 36 90500MTUS Dollar
227208 37 10500MTUS Dollar
237208 37 20500MTUS Dollar
247208 37 30445MTUS Dollar
257208 37 40445MTUS Dollar
267208 37 90500MTUS Dollar
277208 38 10500MTUS Dollar
287208 38 20500MTUS Dollar
297208 38 30445MTUS Dollar
307208 38 40445MTUS Dollar
317208 38 90500MTUS Dollar
327208 39 10500MTUS Dollar
337208 39 20500MTUS Dollar
347208 39 30445MTUS Dollar
357208 39 40445MTUS Dollar
367208 39 90500MTUS Dollar
377225 30 90445MTUS 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.

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