Dated: 01.02.2021

Key Changes at Customs & CEX Post Budget 2021

The Government of India has made the following changes in the Customs & CEX regulations commensurate with the announcement done in the Union Budget 2021 dtd: 01/02/2021 as listed below-

The Key Highlights of the Changes are as per the attached Explanatory Notes https://www.indiabudget.gov.in/doc/cen/explanatorynote.pdf

1. Customs Notification No 02/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0221.pdf
2. Customs Notification No 03/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0321.pdf
3. Customs Notification No 04/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0421.pdf
4. Customs Notification No 05/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0521.pdf
5. Customs Notification No 06/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0621.pdf
6. Customs Notification No 07/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0721.pdf
7. Customs Notification No 08/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0821.pdf
8. Customs Notification No 09/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus0921.pdf
9. Customs Notification No 10/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus1021.pdf
10. Customs Notification No 11/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus1121.pdf
11. Customs Notification No 12/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus1221.pdf
12. Customs Notification No 13/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus1321.pdf
13. Customs Notification No 14/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus1421.pdf
14. Customs Notification No 15/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cus1521.pdf
15. Customs ADD Notification No 05/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusadd0521.pdf
16. Customs ADD Notification No 06/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusadd0621.pdf
17. Customs ADD Notification No 07/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusadd0721.pdf
18. Customs Non tariff Notification No 09/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusnt0921.pdf
19. Customs Non tariff Notification No 10/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusnt1021.pdf
20. Customs Non tariff Notification No 11/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusnt1121.pdf
21. Customs Non tariff Notification No 12/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cusnt1221.pdf
22. Customs CVD Notification No 01/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cuscvd0121.pdf
23. Customs CVD Notification No 02/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cuscvd0221.pdf
24. Central Excise (CEX) Notification No 01/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0121.pdf
25. Central Excise (CEX) Notification No 02/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0221.pdf
26. Central Excise (CEX) Notification No 03/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0321.pdf
27. Central Excise (CEX) Notification No 04/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0421.pdf
28. Central Excise (CEX) Notification No 05/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0521.pdf
29. Central Excise (CEX) Notification No 06/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0621.pdf
30. Central Excise (CEX) Notification No 07/2021 dtd: 01.02.2021 Annexed as https://www.indiabudget.gov.in/doc/cen/cen0721.pdf

Source: CBIC, Dept. of Revenue, Ministry of Finance, Govt. of India

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services. We offer Legal advice and litigation support in matters related to Indirect Tax-Customs, FTP, other Indirect Tax matters & Arbitration law, all sorts of Central licensing and related matters. Come and explore the new way of doing business with us!

Connect for EXIM Facilitation in India

@ Team S J EXIM SERVICES, New Delhi, IN

CP: Ms. Shubhra Jha

Support No: +91-9999005693

Web:  www.sjexim.services

EMAIL: operations@sjexim.services | shubhra@sjexim.services

Facebook: Facebook Page

We Design & Create Solutions for Government, Corporates, MSME & Individuals across Industry Verticals

DISCLAIMER:

1. The views are of the Author based on his/her interpretation of the relevant information/documents, applicable law, and government policy and there is no assurance that a court or tribunal or regulatory body or other governmental authority may not interpret it differently.

2. We are not responsible for updating or revising this article on account of any change in law or interpretation thereof or a change in events or circumstances informed or occurring after the date of this article unless specifically requested for it.

3. Our advice should not be taken or used out of context or reproduced for any other purpose or transaction. Views expressed in this update are strictly personal, based on our understanding of the underlying law. We are not responsible for any injury, loss or cost arising to any person who refers to this update and acts or refrains from any act accordingly. We would suggest that detailed legal advice must be sought before relying on this update.

NOTE: All Inquiries/Pro Bono Consulting/Assignments are solicited via email only & it is a PAID Service only!