CBIC amends notification related to exemption of goods from the applicability of Agriculture and Infrastructure development cess

Feb 18, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on February 17, 2021 has amended the notification no. 11/2021- Customs dated February 01, 2021 which specifies the exemption of goods from the applicability of Agriculture and Infrastructure development cess. 

The following amendment has been made: 

• In Annexure, a new entry 10, has been inserted, namely: 

“Notification no. 56/2020- Customs dated May 05, 2020 has been inserted, which specifies the Export Against Supply by Foreign buyer.”

• In Annexure, new entry 11, has been inserted, namely:

“Notification no. 57/2000- Customs dated May 08, 2000 has been inserted, which specifies the exemption of silver, gold and platinum from Customs Tariff Act, 1975.”

[Notification No. 18/2021- Customs]

 


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