CBIC extends Exemption from BCD and AIDC upon Import of Raw Cotton

The Central Board of Indirect Taxes and Custom(CBIC) Vide Notification No. 38/2022-Customs dated 4th July 2022 extends the exemption from BCD and AIDC upon import of Raw Cotton.

The Notification is Given Below:

G.S.R…. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and section 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2022-Customs, dated the 13thApril, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 297(E), dated the 13thApril, 2022, namely:-

In the said notification, in paragraph 2, for the figures, letters and word “30th September,2022”, the figures, letters and word “31st October, 2022” shall be substituted.

For Official Notification Download PDF Given Below: