Amendments w.r.t. exemption on Agriculture Infrastructure and Development Cess on Gold products

The CBIC vide Notification No. 36/2022-Customs dated June 30, 2022 has issued amendments in its earlier issued Notification No. 22/2022-Customs, dated April 30, 2022, which seeks to give effect to the first tranche of India UAE CEPA and exempted certain goods from the levy of Customs Duty and Agriculture Infrastructure and Development Cess (“AIDC”) subject to the conditions specified therein, in order to substitute the exemption of the AIDC rate on goods other than Gold Dore Bar in excess of 6.6% earlier to 11.5%.

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009397/ENG/Notifications

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