The federal government has issued a brand new notification in the direction of bringing a serious reform within the customs exemption framework in the direction of ease of doing enterprise. The brand new notification by Ministry of Finance (Division of Income) rationalises and harmonises current customs responsibility exemptions throughout numerous sectors.
The Central Board of Oblique Taxes and Customs (CBIC) has consolidated 31 separate Customs Obligation notifications right into a single complete doc. The sectors coated embrace renewable power, metals, fertilisers, agriculture, prescribed drugs, digital parts and many others.
Efficient from November 1, 2025, the notification consolidates a variety of legacy notifications right into a single unified construction, whereas offering conditional exemptions on customs duties, Built-in GST, and compensation cess the place relevant.
The ‘Notification No. 44/2025–Customs dated twenty fourth October 2025,’ amends a number of current Customs notifications within the public curiosity. The brand new consolidated notification successfully merges all related exemptions and procedural particulars right into a single framework, thus eliminating redundancy whereas preserving the substance of current advantages.
The amendments have an effect on key notifications governing customs exemptions and procedural frameworks, together with Notification Nos. 11/2018-Customs, 8/2020-Customs, 11/2021-Customs, and 52/2017-Customs.
The present modifications bolster the federal government’s effort to harmonise customs provisions with ongoing budgetary and coverage changes beneath the Built-in and Items and Companies Tax framework.
Earlier this month, the CBIC launched system-based auto-approval for IFSC code registration to boost the convenience of doing enterprise.
The system will mechanically approve requests for registration of the identical incentive checking account and IFSC code for a selected Importer Exporter Code (IEC) at a number of Customs areas, supplied the identical mixture has already been permitted at anybody location.
The transfer comes as a part of the CBIC’s initiatives to leverage know-how to simplify procedures, scale back transaction prices, and improve the convenience of doing enterprise for India’s commerce neighborhood, the assertion added.
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