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The Central Board of Indirect Taxes and Customs makes regulations to amend the Sea Cargo Manifest and Transhipment Regulations, 2018. The regulations extend a specific timeline in regulation 15 until 31st August 2024. The regulations also change the monetary amount in Form XI from Rs. ten lakhs to Rs. five lakhs. These regulations come into force on the date of their publication in the Official Gazette.
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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 47/2024-Customs (N.T.)
New Delhi, dated the $30^{\text{th}}$ June, 2024
G.S.R. (E). - In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following regulations further to amend the Sea Cargo Manifest and Transhipment Regulations, 2018, namely: -
(2) They shall come into force on the date of their publication in the Official Gazette.
(a) for the words, figures and letters, "Rs. ten lakhs", wherever they occur, the words, figures and letters, "Rs. five lakhs" shall be substituted.
(b) for the words, figures and letters, "Rs. 10,00,000/- (Rupees ten lakhs)", wherever they occur, the words, figures and letters, "Rs. 5,00,000/- (Rupees five lakhs)" shall be substituted.
(c) for the words, figures and letters, "Rs. Ten lakhs", wherever they occur, the words, figures and letters, "Rs. five lakhs" shall be substituted.
[F. No. 450/58/2015- Cus IV(Pt.I)]
धनंजय सिंह, (Dhananjay Singh) Under Secretary to the Government of India
Note: The principal regulations were published in the Gazette of India, Extraordinary, Part II, Section 3 Sub-section (i) vide number G.S.R. 448(E), dated the $11^{\text{th}}$ May, 2018 and were last amended vide notification No. 26/2024-Customs (N.T) dated the $28^{\text{th}}$ March 2024, vide number G.S.R. 235(E), dated the $28^{\text{th}}$ March, 2024.