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CBIC Notification No. 33/2022-Customs | Increased in rate of Customs Duty on Gold products

CBIC increased Custom duty on gold products

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  the  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 further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No.50/2017-Customs, dated the 30thJune, 2017,  published  in  the  Gazette  of  India,  Extraordinary,  Part  II,  Section  3,  Sub-section  (i), vide number G.S.R. 785(E), dated the 30thJune, 2017, namely :-

In the said notification, in the Table, -

(i) against S.  No.  354,  in Column (4),  for  the  entry“6.9%”, the entry “11.85%” shall be substituted;

(ii) against S.  No.  356,  in Column (4), for the entry “7.5%”, at both the places,the  entry“12.5%”shall be substituted;

(iii) against S.  No.  357A,  in  Column  (4), for the entry “7.5%”, the entry“12.5%”shall  be substituted

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