CBIC / GST notification 86/2024-Customs (N.T.) · 16 Dec 2024
Official title
86/2024-Customs (NT) : Notification to specify the manufacturing processes and other operations in relation to a class of goods in a warehouse.
Official record
Open source pageSummary
Check the official recordThe Central Government prohibits specific manufacturing processes and operations for goods imported for solar power generation projects in a warehouse. This restriction applies to goods that supply electricity. The prohibition takes effect when the electricity results from manufacturing processes or operations under Section 65 of the Customs Act, 1962. The notification applies to all warehouse operators and importers involved in solar power projects. The rule commences on 17 December 2024.
What you must do
Key dates
Who is affected
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (ii)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
Notification No. 86/2024-Customs (N.T.)
New Delhi, Dated 16^th December, 2024
S.O. ......(E).- In exercise of the powers conferred by proviso to sub - section (1) of Section 65 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby specify the manufacturing processes and other operations in relation to a class of goods that shall not be permitted in a warehouse, as mentioned in column (2) of the table below:-
Table
| Sl. No. | Manufacturing processes and other operations in relation to a class of goods in a warehouse |
|---|---|
| (1) | (2) |
| 1. | Goods imported for solar power generation projects which supply electricity. |
Explanation.- For the purpose of Sl.No.1, the restriction is applicable only when electricity is resulting from the manufacturing processes and other operations in relation to the warehoused goods under section 65 of Customs Act 1962(52 of 1962).
2. The notification shall come into force with effect from the 17th December, 2024.
[D.No.CBIC-170484/11/2024-LC]
[Image omitted. See the official document.]
(Megha Bansal)
Under Secretary to Govt. of India
