Customs:
The CBIC has rescinded Notification No. 04/2025-Customs, dated 1st February 2025 (G.S.R. 97(E)), with effect from 1st May 2025.
The original notification had provided customs duty exemptions and concessional rates for specific goods including personal-use items, scrap metals, electronic parts, bicycles, and more, as part of tariff rationalization. The rescission is due to a broader rationalization of the Basic Customs Duty (BCD) structure, making the earlier exemptions redundant. All actions taken under the earlier notification before 1st May 2025 remain valid.
[Notification No. 26/2025-Customs dated 30.04.2025]
