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CBIC removes Customs Duty and AIDC levy exemption on coking coal w.e.f. November 19, 2022

The CBIC had earlier granted exemption from the levy of Customs Duty & Agriculture Infrastructure and Development Cess (“AIDC”) on the import of Coking coal and Anthracite/Pulverized Coal Injection (“PCI”).

Now, the CBIC has withdrawn the exemption with effect from November 19, 2022, via Notification No. 59/2022-Customs and Notification No. 60/2022-Customs, both dated November 18, 2022.

Source a2ztaxcorp

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