📢 Customs Update | Notification No. 07/2026-Customs
The Government has issued Notification No. 07/2026-Customs dated 26 March 2026, granting a key exemption in customs duties.
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🔍 What’s the Change?
• Exemption granted on Additional Duty of Customs
• Specifically equivalent to Special Additional Excise Duty
• Applicable on:
👉 Aviation Turbine Fuel (ATF)
⚙️ Scope of Exemption
• Covers goods falling under Heading 2710
• Full exemption from additional duty under:
✔️ Section 3(1) of Customs Tariff Act, 1975
✔️ Read with Section 147 of Finance Act, 2002
⚖️ Legal Backing
• Issued under:
✔️ Section 25 of Customs Act, 1962
✔️ Section 147 of Finance Act, 2002
💡 Practical Implications
• Likely to reduce cost burden on aviation sector
• May have positive impact on airline operations & fuel pricing
• Important for importers dealing in aviation fuel supply chain
#CustomsUpdate #AviationSector #ATF
Abhishek Raja "Ram"
@abhishekrajaram
MEC, STBA Delhi || Speaker and Author on GST. Life dedicated towards Tax and Economic Reforms & Simplification