Seeks to amend Notification No.107/2008-Customs, dated the 6th October, 2008 so as to enhance the extent of Margin of Preference in respect of specified goods imported from Least Developed Countries of South Asian Free Trade Agreement (SAFTA)

Notification No. 49 /2011-Customs

New Delhi, dated 21^st June, 2011

G.S.R.               (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.107/2008-Customs, dated the 6^th October, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 718 (E), dated the 6^th October, 2008, namely:-

In the said notification, in the Table, in column (4), for the entry “75%”, wherever it occurs, the entry “100%” shall be substituted.

[F.No. 354/42/2002-TRU Pt.]

(Sanjeev Kumar Singh)
Under Secretary to the Government of India

Note. – The principal notification No. 107/2008-Customs, dated the 6^th October, 2008 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 718 (E), dated the 6^th October, 2008 and was last amended by notification No. 36 /2010-Customs dated the 22^nd March, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 203 (E), dated 22^nd March, 2010.

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2. Amends Notification No.153/2009-Customs, dated the 31st December, 2009 – Exempts goods, when imported into India from the countries as specified in Appendix I, from so much of the duty of customs leviable thereon as is in excess of the prescribed rate
3. Seeks to amend notification no. 153/2009-Cus dated 31st December 2009 so as to provide deeper concessions to ASEAN countries under the ASEAN-India Free Trade Agreement
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5. Custom duty Notification No. 36 /2010 amending Notification 107/2008 – Customs, dated 6th October, 2008