The Central Board of Indirect Taxes and Customs (CBIC) on February 01, 2026, issued an amendment to the older notification no. 45/2025-Customs, dated October 24, 2025, regarding the superseded 31 customs exemption notifications and prescribes effective rates of customs duty, IGST, and compensation cess for goods imported into India.
The following has been stated:
• CBIC has amended the customs exemption framework by superseding 31 earlier Customs exemption notifications and replacing them with a single consolidated notification prescribing effective rates of Basic Customs Duty (BCD) and Integrated GST (IGST).
• The amendment rationalises and streamlines the exemption structure, removes overlapping and fragmented notifications, and clearly specifies the effective duty incidence on imported goods along with applicable conditions.
• It aligns customs exemptions with the GST regime to ensure consistency and prevent unintended tax benefits, while also promoting uniform assessment practices and greater certainty for trade.
• A savings clause protects actions taken under the superseded notifications before the amendment, and the revised duty structure is applicable from February 02, 2026.
[Notification no. - 02/2026-Customs]
