CBIC extends the validity of exemptions lapsing on March 31, 2024 until September 30, 2024.
The CBIC vide Notification No. 06/2024-Customs dated January 29, 2024, amends the Notification No. 50/2017-Customs, dated June 30, 2017, extending the validity of exemptions set to lapse on March 31, 2024, until September 30, 2024. This amendment, authorized by section 25(1) of the Customs Act, 1962 namely:-
In the said notification, –
Table
| S. No. | Chapter or Heading or sub–heading or tariff item | Description of goods | Standard rate | Integrated Goods and Services Tax | Condition No. |
| (1) | (2) | (3) | (4) | (5) | (6) |
| 237. | 3208, 3815, 3901, or 3920 | The following goods for use in the manufacture of EVA (Ethylene Vinyl Acetate) sheets or backsheet, which are used in the manufacture of solar photovoltaic cells or modules, namely:-
(i) EVA resin; (ii) EVA masterbatch; (iii) Poly ethylene terephthalate (PET) film; (iv) Poly vinyl fluoride (PVF); (v) Poly vinyl di-fluoride (PVDF); (vi) Adhesive resin; and (vii) Adhesive hardner Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
Nil | – | 9 and 22 |
| 340. | 70 | Solar tempered glass or solar tempered (anti-reflective coated) glass for use in manufacture of solar cells/panels/modules
Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
Nil | – | 9 |
| 368. | 7204 | All goods
Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
Nil | – | – |
| 374. | 7225 19 90 | Magnesium Oxide (MgO) coated cold rolled steel coils for use in manufacture of cold rolled grain oriented steel (CRGO) falling under 7225 11 00
Provided that nothing contained in this entry shall have effect after 30th September, 2024. |
Nil | – | 9 |
| 375. | 7225 | The following goods, namely: – | |||
| (i) hot rolled coils;
(ii) cold-rolled Magnesium Oxide (MgO) coated and annealed steel; (iii) hot rolled annealed and pickled coils; (iv) cold rolled full hard, for the manufacture of cold rolled grain oriented steel (CRGO) steel falling under tariff item 7225 11 00 Provided that nothing contained in this entry shall have effect after 30th September, 2024. |
(i) Nil | – | 9 | ||
| (ii) Nil | – | 9 | |||
| (iii) Nil | – | 9 | |||
| (iv) Nil | – | 9 | |||
| 403. | 84 or any other Chapter | Parts and raw materials for manufacture of goods to be supplied in connection with the purposes of off- shore oil exploration or exploitation
Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
Nil | – | 47 |
| 479. | 85 or any other Chapter | The following goods, namely:-
(1) Mono or Bi polar Membrane electrolysers and parts thereof including secondary brine purification components, jumper switches, filtering elements for hydrogen filters and any other machinery, required for, – (i) modernization by using membrane cell technology, of an existing caustic soda unit or caustic potash unit, or (ii) capacity expansion of an existing caustic soda unit or caustic potash unit using membrane cell technology or (iii) setting up of a new caustic unit soda or caustic potash unit using membrane cell technology; (2) Membrane and parts thereof for replacement of worn out membranes in an industrial plant based on membrane cell technology. (3) Parts, other than those mentioned at (2) above, required for caustic soda unit or caustic potash unit using membrane cell technology Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
Nil | – | 69 |
| 527A | 8507 60 00 | Lithium ion cell for use in the manufacture of battery or battery pack of cellular mobile phone
Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
5% | – | |
| 527B | 8507 60 00 | Lithium ion cell for use in the manufacture of battery or battery pack of electrically operated vehicle or hybrid motor vehicle
Provided that nothing contained in this S. No. shall have effect after the 30th September, 2024. |
5% | – | 9 |
In the second proviso;
Provided further that nothing contained in the entries against serial numbers 17, 80A,90, 104,133,139,150, 155, 164, 165, 172,183, 184, 188,191, 204, 212A, 213, 238, 253, 254, 255, 257, 257A, 257B, 257C, 258, 259, 260, 261, 265,269, 271, 276, 277A,279, 280, 290, 292, 293A, 296A, 326, 329, 333, 334, 339, 345A, 353, 364A, 378, 379, 380, 381, 387, 392, 415, 415A, 416, 417, 418, 419, 420, 421, 422, 423, 426, 428, 429,435, 441, 442, 446, 451, 462, 463, 464,464A, 467, 468, 471, 472, 475, 476, 477, 478, 480, 482, 489B, 495, 497, 504, 509, 510, 511, 512, 512A, 515A, 516,517, 519, 523A, 527, 534, 535, 535A, 536, 537, 538, 539, 539A,540, 542, 543, 544,546, 548, 549, 550, 551, 553, 555, 565, 566, 567, 568, 569, 570, 575, 577, 578A,579, 580, 581, 583, 591,593, 607, 607A, 611 and 612 shall have effect after 30th September, 2024.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1010001/ENG/Notifications