Ministry : Ministry of Finance (Department of Revenue)

Part II-Section 3-Sub-Section (i)

Subject : Extra Ordinary

Overview [Gazette of India: Customs Amendment Notification]

This is an extraordinary gazette notification from India's Ministry of Finance (Department of Revenue) amending a customs duty schedule, specifically extending the deadline for a previously imposed customs measure.

Key Points

• Amendment: Substitutes "31st December, 2024" with "28th February, 2025" in the customs notification table.
• Effective Date: The amendment comes into force on 27th December, 2024.
• Legal Basis: Exercised under sub-section (1) of section 25 of the Customs Act, 1962, and section 124 of the Finance Act, 2021.
• Precedent: This is the second amendment to the principal notification (No. 64/2023-Customs, dated 7th December, 2023).

Summary

This gazette issues a customs notification (G.S.R. 782(E)) that delays the deadline for a specific customs action from 31 December 2024 to 28 February 2025. The change, effective 27 December 2024, provides stakeholders in foreign trade with an additional two months to comply with the regulation, likely easing administrative pressures or accommodating logistical and procedural challenges.