{"id":8256,"date":"2017-10-13T00:00:00","date_gmt":"2017-10-12T18:30:00","guid":{"rendered":""},"modified":"2017-10-13T00:00:00","modified_gmt":"2017-10-12T18:30:00","slug":"customs-seeks-to-amend-notification-no-50-2017-customs-to-prescribe-bcd-and-igst-rates-on-certain-goods","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=8256","title":{"rendered":"Customs seeks to amend notification No. 50\/2017-Customs to prescribe BCD and IGST rates on certain goods"},"content":{"rendered":"<p>Customs seeks to amend notification No. 50\/2017-Customs to prescribe BCD and IGST rates on certain goods<br \/>77\/2017 Dated:- 13-10-2017 Customs -Tariff<br \/>Customs<br \/>Miscellaneous Exemption Notifications<br \/>Cus<br \/>GOVERNMENT OF INDIA<br \/>\nMINISTRY OF FINANCE<br \/>\n(DEPARTMENT OF REVENUE)<br \/>\nNotification No. 77\/2017-Customs<br \/>\nNew Delhi, the 13th October 2017<br \/>\nG.S.R. 1298 (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:-<br \/>\nIn the said notifica<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/notifications?id=122266\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>hereto, the following shall be inserted, namely: &#8211;<br \/>\n &#8220;557A<br \/>\n89<br \/>\nRigs and ancillary items imported for oil or gas exploration and production taken on lease by the importer for use after import.<br \/>\n&#8211;<br \/>\nNil<br \/>\n102&#8221;;<br \/>\n(iv) after S. No. 608 and the entries relating thereto, the following shall be inserted, namely: &#8211;<br \/>\n&#8220;608A<br \/>\n9804<br \/>\nBonafide gifts imported by post or air upto CIF value limit of 5000 rupees and exempted from any prohibition in respect of the imports thereof under the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992)<br \/>\nNil<br \/>\nNil<br \/>\n-&#8221;<br \/>\n(b) in the Annexure,<br \/>\n(i) after condition No. 102, the following condition shall be inserted, namely: &#8211;<br \/>\nCondition No.<br \/>\nCondition<br \/>\n&#8220;103<br \/>\nIf the importer at the time of import-<br \/>\n(1) furnishes a certificate from an officer not below the rank of a Deputy Secretary to the Government of India in the Department of Health and Family Welfare, Government of India, to the effect that the imported medicines or drugs or vaccines (in respect of descript<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/notifications?id=122266\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>tion Bank<br \/>\n8. Andhra Bank<br \/>\n9. The Federal Bank Ltd<br \/>\n10. HDFC Bank<br \/>\n11. ICICI Bank<br \/>\n12. Indian Bank<br \/>\n13. IndusInd Bank Ltd<br \/>\n14. Indian Overseas Bank<br \/>\n15. Kotak Mahindra Bank<br \/>\n16. Oriental Bank of Commerce<br \/>\n17. Punjab National Bank<br \/>\n18. State Bank of India<br \/>\n19. Syndicate Bank<br \/>\n20. Union Bank of India<br \/>\n21. Bank of Maharashtra<br \/>\n22. Central Bank of India<br \/>\n23. City Union Bank Ltd<br \/>\n24. Dhan laxmi Bank<br \/>\n25. ING Vysya Bank<br \/>\n26. Karur Vysya Bank<br \/>\n27. Punjab and Sind Bank<br \/>\n28. South Indian Bank<br \/>\n29. Standard Chartered Bank<br \/>\n30. State Bank of Bikaner and Jaipur<br \/>\n31. State Bank of Hyderabad<br \/>\n32. State Bank of Mysore<br \/>\n33. State Bank of Patiala<br \/>\n34. State Bank of Travancore<br \/>\n35. Yes Bank<br \/>\n36. Dena Bank<br \/>\n37. Metals and Minerals Trading Corporation of India (MMTC)<br \/>\n38. The Handicraft and Handlooms Exports Corporation of India Ltd<br \/>\n39. PEC Limited<br \/>\n40. The State Trading Corporation of India Ltd<br \/>\n41. MSTC Ltd&#8221;<br \/>\n[F. No. 354\/119\/2017-TRU (Pt. III)]<br \/>\n(Ruchi Bisht)<br \/>\nUnder Secretary to the Government of India<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/notifications?id=122266\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Customs seeks to amend notification No. 50\/2017-Customs to prescribe BCD and IGST rates on certain goods77\/2017 Dated:- 13-10-2017 Customs -TariffCustomsMiscellaneous Exemption NotificationsCusGOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 77\/2017-Customs New Delhi, the 13th October 2017 G.S.R. 1298 (E).- In exercise of the powers conferred by sub-section (1) of section 25 of &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=8256\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Customs seeks to amend notification No. 50\/2017-Customs to prescribe BCD and IGST rates on certain goods&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8256","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8256"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8256\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}