The Union Finance Minister presented the Union Budget 2022 and proposed the Finance Bill, 2022 in the Lok Sabha on February 1, 2022. An overview of post-budget Customs and Central Excise notifications as well as changes to Customs and GST laws are listed below.

Customs Notifications

  • February 1, 2022- The Central Government vide notification No. 02/2022 – Customs, has amended notification no. 50/2017- Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD). This notification shall come into force on February 2, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0222.pdf

  • February 1, 2022- The Central Government vide notification No. 03/2022 – Customs, has amended, notification No. 11/2018- Customs dated 2nd February, 2018 so as to exempt certain goods from Social Welfare Surcharge (SWS) and to withdraw SWS exemption on certain textile items. This notification shall come into force on 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0322.pdf

  • February 1, 2022- The Central Government vide notification No. 04/2022 – Customs, has rescinded notification nos. 190/1978-Customs and 191/1978-Customs both dated 22th September, 1978, prescribing additional duty of customs on imports of transformer oil equivalent to such portion of the excise duty leviable on the raw material commonly known as transformer oil base stock or transformer oil feedstock. This notification shall come into force on 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0422.pdf

  • February 1, 2022- The Central Government vide notification No. 05/2022 – Customs, has rescinded Notification nos. 10/95-Customs, 26/99-Customs, 27/2004-Customs, 14/2006-Customs, 48/2006-Customs, 90/2007-Customs, 8/2011-Customs, 24/2011- Customs, 49/2013-Customs, 23/2014- Customs, 37/2015-Customs, 11/2016-Customs, 20/2020-Customs, 40/2020-Customs which have become redundant.

    Notification Link: 2
    https://www.indiabudget.gov.in/doc/cen/cus0522.pdf

  • February 1, 2022- The Central Government vide notification No. 06/2022 – Customs, has amended notification nos. 52/2017- Customs dated 30.06.2017 and 37/2017-Customs dated 30.06.2017 to remove entries which are being operated from the First Schedule to the Customs Tariff Act and certain redundant entries.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0622.pdf

  • February 1, 2022- The Central Government vide notification No. 07/2022 – Customs, has amended notification no. 82/2017- Customs dated October 27, 2017 to prescribe effective rate on certain Textile items up to April 30, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0722.pdf

  • February 1, 2022- The Central Government vide notification No. 08/2022 – Customs, has amended notification nos. 104/2010-Customs, 38/96-Customs, 40/2017-Customs, 60/2011-Customs, 148/94-Customs to exempt AIDC/Health cess/RIC on goods imported under the said notifications. This notification shall come into force on the 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0822.pdf

  • February 1, 2022- The Central Government vide notification No. 09/2022 – Customs, has amended notification nos. 146/94-Customs, 147/94-Customs, 39/96-Customs, 50/96-Customs, 30/2004-Customs, 81/2005-Customs, 5/2017-Customs, 16/2017- Customs, 32/2017-Customs to prescribe end dates as per Section 25(4A) of Customs Act, 1962. This notification shall come into force on the 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus0922.pdf

  • February 1, 2022- The Central Government vide notification No. 10/2022 – Customs, has amended notification no. 27/2011-Customs dated March 01, 2011 to omit redundant entries and reduce export duty raw hides and skins of buffalo. This notification shall come into force on the 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus1022.pdf
  • February 1, 2022- The Central Government vide notification No. 11/2022 – Customs, has implemented a graded BCD structure for wearable devices and its parts, sub-parts and subassembly.

    Notification Link:
    N/A

  • February 1, 2022- The Central Government vide notification No. 12/2022 – Customs, has implemented a graded BCD structure for hearable devices and its parts, sub-parts and sub assembly.

    Notification Link:
    N/A

  • February 1, 2022- The Central Government vide notification No. 13/2022 – Customs, has implemented a graded BCD structure for smart meters and its parts, sub-parts and sub-assembly.

    Notification Link:
    N/A

  • February 1, 2022- The Central Government vide notification No. 14/2022 – Customs, has amended notification no. 25/1999-Customs dated February 28, 1999 to omit redundant and obsolete entries. This notification shall come into force on the 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus1422.pdf

  • February 1, 2022- The Central Government vide notification No. 15/2022 – Customs, has amended various notifications giving exemption to electronic items and medical devices. This notification shall come into force on the 2nd February, 2022.

    Notification Link:
    https://www.indiabudget.gov.in/doc/cen/cus1522.pdf

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