| 2701 |
w.e.f. 1 May 2023
- for tariff item 2701 12 00 and the entries relating thereto, the following substituted;
“2701 12 -- Bituminous coal :
2701 12 10 --- Coking coal kg. 5% -
2701 12 90 --- Other kg. 5% -”
[Clause 135(c) of Finance Act 2023]
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| w.e.f. 1 May 2022- BCD against all the tariff items of sub-heading 2701, the entry substituted by “5%”;
[Clause 98(b) of Finance Act 2022]
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| Schedule Basic duty of 10% on HS Code 2701 12 00 by Finance Act 2015 |
| Basic Duty Exemption |
| Agriculture Infrastructure and Development Cess (AIDC) |
| Scheduled Basic Duty of 10% on HS Code 2701 12 00 by Finance Act, 2015 |
| IGST in this Heading |
| Coal; briquettes, ovoids and similar solid fuels manufactured from coal
[SNo 158 in Sch I of Ntfn 01-IGST/28.06.2017]
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| Import Policy (27011100; 27011210: 27011290; 27011910; 27011920 and 27011990) – Free subject to Policy Condition No. (7) as below
(i) The Coal Import Monitoring System (CIMS) shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying registration fee of Rs. 1 per thousand, subject to minimum of Rs. 500/- and maximum of Rs. 1 lakh, on CIF value.
(ii) The importer can apply for registration not earlier than 60th day and not later that 15th day before the expected date of arrival of import consignment. The Automatic Registration Number shall remain valid for a period of 75 days. Importer shall have to enter the Registration Number and expiry date of Registration in the Bill of Entry to enable Customs for clearance of consignment.
The CIMS will be effective from 01.04.2021, i.e., Bill of Entry on or after 01.04.2021 for items as listed in this Notification shall be governed by CIMS. The facility of online Registration will be available with effect from 15.02.2021.
[DGFT Notification 56/2015-2020 dated 28 January 2021 - Implementation of Coal Import Monitoring System Extended by Two Months to 1 Apr 2021 - Online Registration available from 15 Feb 2021]
[49-Ntfn/22.12.2020 – Policy condition amended - Coal Import Requires Coal Import Monitoring System (CIMS) from 1 Feb 2021]
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