The CBIC, via Notification No. 31/2025-Customs dated May 30, 2025, extended the import exemption for Yellow Peas (HS 0713 10 10) to bills of lading issued on or before March 31, 2026. It also reduced the basic customs duty on crude soybean oil (15071000), crude sunflower oil (15121110), and crude palm oil (15111000) from 20% to 10% by amending Notification No. 50/2017-Customs. These changes, made in public interest, take immediate effect.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, to the extent specified in the corresponding entries in column (3) of the said Table, namely:-
TABLE
| S. No. | Notification No. and Date | Amendments |
| (1) | (2) | (3) |
| 1. |
50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785 (E), dated the 30th June, 2017 |
In the said notification, in the TABLE, –
i. against S. No. 57, in column (4), for the entry, the entry “10%” shall be substituted; ii. against S. No. 61, in column (4), for the entry, the entry “10%” shall be substituted; iii. against S. No. 70, in column (4), for the entry, the entry “10%” shall be substituted; |
| 2. | 64/2023-Customs, dated the 07th December, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 884(E), dated the 07th December, 2023 |
In the said notification, in the TABLE, against Sl. No. 1, in Column (4), for the words and figures “31st day of May, 2025”, the words and figures “31st day of March, 2026” shall be substituted. |
This notification shall come into force with immediate effect.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1010385/ENG/Notifications
