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Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs - D.O. F. No. 334/03/2023-TRUExtract ..... carried through the following Notifications which are effective from 2nd February,2023 unless specified otherwise: Notification Nos. Date Customs (Tariff) 02/2023-Customs to 12/2023-Customs 1st February, 2023 Central Excise (Tariff) 05/2023-Central Excise 1st February, 2023 3. The proposed changes in customs, central excise/ NCCD rates, and other changes proposed in the Finance Bill, 2023 are briefly summarized below: A. CUSTOMS I. Basic customs duty rate structure: a) As part of rationalization of customs duty rate structure, the number of basic customs duty rates on goods, other than textiles and agriculture, is being reduced. As a result, there are changes in the rates of BCD as well as in the rates of AIDC and/ or SWS. b) The BCD is being increased on styrene, vinyl chloride monomer, toys and parts of toys (other than parts of electronic toys), bicycles, automobiles in SKD and CBU form, Silver bar, Silver dore and naphtha. c) The BCD and the AIDC /SWS rates are being re- calibrated while maintaining the existing incidence of customs duties on gold, gold dore, platinum, coal, peat and lignite. Similarly the BCD and AIDC on aircraft (other than those at Nil or 2.5%) & aircraf ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... amera lens for camera module and input/sub parts for lens of camera module of mobile phone is being reduced from 2.5% to Nil subject to IGCR condition. b) Exemption from BCD is being provided to specified chemicals/items for manufacture of Pre-calcined Ferrite Powder as is available for Ferrites (S. No 17 of Notification no 25/1999 -Customs). c) Exemption from BCD is being provided to Palladium Tetra Amine Sulphate for manufacture of parts of connectors as is available for manufacture of connectors. (S.No 225 of Notification no 25/1999 -Customs). d) The BCD on parts for manufacture of open cells of TV panels is being reduced from 5% to 2.5% subject to IGCR condition. 5. Electrical appliances e) The BCD on electric kitchen chimney is being increased from 7.5% to 15% . f) The BCD on heat coils for use in manufacture of electric kitchen chimney is being reduced from 20% to 15% subject to IGCR condition. 6. Automobiles a) Exemption from BCD is being provided to vehicles, specified automobile parts/components, sub-systems and tyres, when imported by notified testing agencies for the purpose of testing and/ or certification , subject to specified conditions. b) The BCD on vehicle (includ ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... ated the 30th June, 2017. 4. All goods falling under HSN 7114, other than the goods covered under S. Nos. 356 and 357 of the Table in the notification No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India vide number G.S.R. 785(E), dated the 30th June, 2017. 5. Bicycles (HSN 8712 00 10) 6. Motor vehicle including electrically operated vehicles falling under HSN 8703 covered under S. No. 526 (1)(b), 526 (2)(b), 526A(1)(b) and 526A(2)(b) of the Table in Notification No. 50/2017-Customs dated the 30th June, 2017, published in the Gazette of India vide no G.S.R. 785(E) dated the 30th June, 2017. 7. Aeroplane and other aircrafts falling under tariff items 8802 2000, 8802 3000 and 8802 4000 covered under S. No. 543 A of the Table in Notification No. 50/2017Customs dated the 30th June, 2017, published in the Gazette of India vide no G.S.R. 785(E) dated the 30th June, 2017. 8. Toys and parts of toys (HSN 9503) other than goods covered under S. No. 591of the Table annexed to Notification No. 50/2017-Customs dated the 30th June,2017 The following notifications are being rescinded on account of being redundant owing to basic customs duty rate structure rationalizat ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... 6/94- Customs Exemption to import of specified sports goods imported by National Sports Federation or by a Sports person of outstanding eminence for training. 5. 90/2009- Customs Exemption to imports from Antarctica of goods used for or related to Indian Antarctic Expedition or Indian Polar Science Programme. Extended by two years upto 31.3.2025 1. 168 Specific inputs and sub-parts for use in manufacture of telecommunication grade optical fibre or optical fibre cables Nil Nil 2. 341 Preform of silica for use in the manufacture of telecommunication grade optical fibres or optical fibre cables 5% 5% 3. 341A Inputs for manufacture of Preform of silica Nil Nil 4. 405, 406 Raw materials and parts for manufacture of Wind operated electricity generators, including permanent magnets for manufacture of PM synchronous generators above 500KW for use in wind operated electricity operators 5% 5% 5. 559 Raw material and parts (including Dredger) for use in the manufacture of ships/vessels Nil Nil 6. 166 Specified Drugs, medicines, diagnostics kits 5% 5% 7. 167 Lifesaving drugs etc Nil Nil Extended by one year upto 31.3.2024 1. 368 Ferrous waste and scrap Nil Nil 2. 374,375 Raw materials for use ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... tifications issued in relation to multilateral or bilateral trade agreements; obligations under international agreements, treaties, conventions; UN agencies, diplomats, international organizations; privileges of constitutional authorities; schemes under Foreign Trade Policy or other Central Government schemes having a validity of more than two years; re-imports, temporary imports, goods imported as gifts or personal baggage; any duty of customs imposed under any law in force including integrated tax leviable under sub-section 7 of Section 3 of the Customs Tariff Act, 1975, other than under Section 12 of the Customs Act; (ii) Section 127 C of the Customs Act is being amended to insert sub section (6) to specify a time limit of 9 months from the date of application, for disposal of the application filed before the Settlement Commission. II. Amendments in Customs Tariff Act, 1975 (i) Sections 9, 9A, 9 C of the Customs Tariff Act are being amended to clearly amplify the intent and scope of these provisions. They are also being validated retrospectively with effect from 1st January 1995. (ii) The First Schedule to the Customs Tariff Act, 1975 is being amended to introduce new tariff lin ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... in para 8(a) of Schedule III of the said Act, as may be prescribed, by including the value of such transactions in the value of exempt supply. Further, sub-section (5) of said section is also being amended so as to provide that input tax credit shall not be available in respect of goods or services or both received by a taxable person, which are used or intended to be used for activities relating to his obligations under corporate social responsibility referred to in section 135 of the Companies Act, 2013. d) Sub-section (1) and sub-section (2) of section 23 of the CGST Act are being amended, with retrospective effect from 01st July, 2017, so as to provide overriding effect to the said section over sub-section (1) of section 22 and section 24 of the said Act. e) A new sub-section (5) in section 37 of the CGST Act is being inserted so as to provide a time limit upto which the details of outward supplies under sub-section (1) of the said section for a tax period can be furnished by a registered person. Further, it also seeks to provide an enabling provision for extension of the said time limit, subject to certain conditions and restrictions, for a registered person or a class of reg ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... nces related to issuance of invoices without supply of goods or services or both. m) First proviso to sub-section (1) of section 138 of the CGST Act is being amended so as to simplify the language of clause (a), to omit clause (b) and to substitute the clause (c) of said proviso so as to exclude the persons involved in offences relating to issuance of invoices without supply of goods or services or both from the option of compounding of the offences under the said Act. It further seeks to amend sub-section (2) so as to rationalize the amount for compounding of various offences by reducing the minimum as well as maximum amount for compounding. n) A new section 158A in the CGST Act is being inserted so as to provide for prescribing manner and conditions for sharing of the information furnished by the registered person in his return or in his application of registration or in his statement of outward supplies, or the details uploaded by him for generation of electronic invoice or E-way bill or any other details, as may be prescribed, on the common portal with such other systems, as may be notified. o) Schedule III of the CGST Act is being amended to give retrospective applicability to ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... xpayers in mind. The copies of Finance Bill, 2023, Finance Minister’s Budget Speech, Explanatory Memorandum to the Bill and relevant notifications can be downloaded directly from www.indiabudget.gov.in as well as www.cbic.gov.in. 5. In case of doubt or difficulty on any issue, you are requested to bring it immediately to my notice at js-tru01@gov.in or to the notice of Shri Rakesh Dahiya, Deputy Secretary (TRU) (Tel: 011-23092236, email: rakesh.dahiya@gov.in), Ms. Amreeta Titus, Deputy Secretary (TRU) (Tel: 0 11-23092753, email: amreeta.titus@gov.in) or Sh. Sandesh Lokhande, Budget Officer (TRU) (Tel: 011-23095547, email: slokhande.9@gov.in). We can also be reached at budget-cbec@nic.in. 6. Finally, I take this opportunity to personally thank my each and every member of my team and each one of you on behalf of my team for your suggestions/inputs and look forward to your comments/feedback. With regards Yours Sincerely, (Limatula Yaden) Joint Secretary (TRU-I) Annexure I Conditional exemptions entries in Notification no 50/2017-Customs extended for one year, i.e. upto 31.3.2024 to be taken up for review this year S. No. S. No. of Notfn Description Extension up to 31. 03. 2024 1 ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... nufacture of parts of electronic components 29. 334 Graphite Felt or graphite pack for growing silicon ingots; Thin steel wire used in wire saw for slicing of silicon wafers 30. 339 Toughened glass for solar thermal collectors or heaters 31. 353 Foreign currency coins when imported into India by a Scheduled Bank 32. 364A Spent catalyst or ash containing precious metals 33. 378 Metal parts for manufacture of electrical insulators falling under heading 8546 34. 379 Pipes and tubes for use in manufacture of boilers 35. 380 Forged steel rings for manufacture of special bearings for use in wind operated electricity generator 36. 381 Flat copper wire for use in the manufacture of photo voltaic ribbon for solar cell/modules 37. 387 Zinc metal recovered by toll smelting or toll processing from zinc concentrates exported from India for such processes 38. 392 Dies for drawing metal, when imported after repairs in exchange of similar worn out dies exported out for repairs 39. 415 Parts/inputs for manufacture of catalytic convertors 40. 415A Platinum or Palladium for manufacture of all goods including Noble Metal Compounds & Noble Metal Solutions falling under 2843 and goods of heading 381 ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... arts imported by a licensed amateur radio operator 63. 480 Goods imported for being tested in specified test centers 64. 482 Newspaper page, transmission and reception facsimile system or equipment; telephone transmission and reception system or equipment 65. 489B Specified goods for manufacturing of microphones 66. 495 Batteries for electrically operated vehicles, including two and three wheeled electric motor vehicles 67. 497 Active Energy Controller (AEC) for use in manufacture of Renewable Power System (RPS) inverters 68. 504 Parts, Components of Digital Still Image Video Cameras 69. 509 Parts, components and accessories for manufacture of Digital Video Recorder /Network Video Recorder (NVR) 70. 510 Parts, components and accessories for use in manufacture of reception apparatus for television and sub-parts 71. 511 Parts, components and accessories for manufacture of CCTV Camera /IP camera and sub-parts 72. 512 Specified Parts, components and subparts for use in manufacture of Lithium-ion battery and battery pack 73. 512A Inputs ,parts or subparts for manufacture of PCBA of Lithium ion battery and battery pack 74. 515A Open cell for use in manufacture of LCD and LED TV panels of ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... nufacture of syringes, needles, catheters and cannulae 100. 567 Stainless steel tube and wire, cobalt chromium tube etc for manufacture of Coronary stents /artificial valve 101. 568 Parts and components required for manufacture of Blood Pressure Monitors and blood glucose monitoring system (Glucometers) 102. 569 Ostomy products, its accessories and parts required for manufacture of such medical equipment 103. 570 Medical and surgical instruments, apparatus and appliances including spare parts and accessories thereof 104. 575 Hospital Equipment (excluding consumables) for use in specified hospitals 105. 577 Lifesaving medical equipment including accessories or spare parts or both of such equipment for personal use 106. 578A Raw materials, parts or accessories for the manufacture of Cochlear Implants 107. 579 Survey (DGPS) instruments, 3 D modeling software cum equipment for surveying and prospecting of minerals 108. 580 X-Ray Baggage Inspection Systems and parts thereof 109. 581 Portable X-ray machine / system 110. 583 Parts and cases of braille watches, for the manufacture of Braille watches 111. 593 Parts of video games for the manufacture of video games 112. 607 Specified Life Sa ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... astor oil cake and castor de-oiled cake manufactured from indigenous castor oil seeds on indigenous plant and machinery by unit in SEZ and brought to DTA 18 30/2004- Customs Exemptions to second-hand computers/accessories received as donation by schools, charitable institutions 19 45/2005- Customs Exemption from Spl. Additional duty of Customs to goods cleared from SEZ and brought to any other place in India 20 81/2005- Customs Exemption to machinery/components for initial setting up of nonconventional power generation plants 21 102/2007- Customs Exemption from Special CVD to all goods imported for subsequent sale when IGST, CGST, SGST or UTGST paid by importers. 22 26/2011- Customs Exemption to work of art, antiques in museum or art gallery imported for public exhibition 23 23/2016- Customs Effective rates for parts of aircraft imported under the Standard Exchange Scheme 24 05/2017- Customs Exemption to machinery, components for setting up fuel cell based power generation plant. 25 16/2017- Customs Exemption to specified drugs & medicines supplied free of cost to patients under Patient Assistance program of Pharma Companies 26 29/2017- Customs Exemption to specimen, models, wa ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x ..... ries sector 19. 409 Goods required for setting up crude petroleum refinery 20. 439 Specified machinery/capital goods in leather / footwear industry 21. 440 Fogging Machines imported by Municipal Committee, District Board to combat Malaria etc 22. 444 Geothermal ground source heat pumps 23. 445 Machinery/Capital goods for making Gems & Jewellery 24. 455 Goods specified under 8422 3000, 8422 4000 or 8422 9090 in packaging Industry 25. 458 Machineries under 8438 used in food processing industry 26. 461 Specified textile Machinery specified under 8444,8445,8446,8447,8448 (except 84483100), 8449 27. 469 Atmospheric Water Generator 28. 470 Presses for manufacturing of particle board or fibre building board of wood or other ligneous material and other machinery for treating wood or cork 29. 594 Snow Ski and other snow ski equipment; water-skis, surf -boards, sailboards and other water sports equipment 30. 16 Human Embryo 31. 325 Monofilament yarn Note: Description of entries is indicative, notification may be referred for complete description. Standalone notification being discontinued with effect from 31.3.2023. S. No. Notification No. Subject Justification 1 48/2017-Cus Exemption to ..... x x x x x Extracts x x x x x Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023 - Customs x x x x x Extracts x x x x x
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