CBIC amends 5 Customs Notifications w.r.t imports of Flat panels, Display modules, or Control circuits into India from Singapore
The CBIC vide Notification No. 61/2022-Customs dated November 25, 2022, amended 5 Customs Notifications related to imports of goods from Singapore, Korea, Philippines, Malaysia, and Japan. Through the amendment, goods namely Flat Panel, Display Modules without driver or Control Circuit for cellular mobile phones under Chapter, heading, sub heading and tariff 85241100 or 85241200 or 85241900 have been added into the respective notifications. The respective Notifications are as follows:
|
Notification |
Purpose | Relevant Entry by which goods have been inserted |
| Notification No. 73/2005-Customs, dated July 22, 2005 | Provide exemption to specified goods of the origin of Republic of Singapore, when imported into India from Republic of Singapore |
Entry No. 134A |
|
Notification No. 151/2009-Customs, dated December 31, 2009 |
Exempts goods when imported into India from the Republic of Korea, from whole of the duty of customs |
Entry No. 68A |
| Notification No. 46/2011-Customs, dated June 1, 2011 | Provide duty concessions to Philippines and other ASEAN countries in view of ASEAN- India FTA (AIFTA). |
Entry No. 1382A |
|
Notification No. 53/2011-Customs, dated July 1, 2011 |
Provides tariff concession to specified goods imported from Malaysia under India-Malaysia CECA. |
Entry No. 1423A |
| Notification No. 69/2011-Customs, dated July 29, 2011 | Provide exemption to goods as specified, when imported form Japan, from the duty of customs leviable thereon as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the aforesaid Table is exempted - |
Entry 680A |
Because of the amendment, importers of Flat Panel, Display Modules without drivers, or Control Circuits for cellular mobile phones will now be able to take advantage of the exemptions specified in the respective Notifications.