"In this context, suggestions are invited in respect of review of existing Customs exemption notifications in prescribed format below. The suggestions may include the need for review of a particular notification, Amendment in the wording of the notification for bringing clarity, Consolidation of similar entries and Extent of use of the notification," the CBIC
It, however, said that duty rate changes are considered usually as part of the Budget proposals and hence this review would not cover this.
Sitharaman in her Budget had announced that suggestions would be invited for review of the Customs laws and procedures for aligning them with the needs of changing times and ease of doing business.
Sitharaman in her Budget speech said thatexemptions from customs duty have been given in public interest from time to time and the government will comprehensively review theseexemptions by Septemberfor taking a view on their relevance.