Regarding deeper concessions under DFTP scheme for Least Developed Countries (LDCs)

Seeks to amend notification no. 96/2008-Customs dated 13th August 2008, so as to provide deeper concessions under DFTP scheme for Least Developed Countries (LDCs)

Notification No. 56/2012-Customs

New Delhi, the 1^st of October, 2012

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. 96/2008-Customs, dated the 13^th August, 2008, published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13^th August, 2008, namely:-

In the said notification,-

(a) in the opening paragraph, in clause (i) for the figures and words “from so much of the duty of customs as is in excess of 20 per cent of the applied rate of duty”, the figures and words “from whole of the duty of customs as specified in the first schedule to the Customs Tariff Act, 1975” shall be substituted;

(b)  in Appendix I, in the Table, in column (4),-

(i) for the entry “8%”, wherever it occurs, the entry “10%” shall be substituted;

(ii) for the entry “12%”, wherever it occurs, the entry “15%” shall be substituted;

(iii) for the entry “16%”, wherever it occurs, the entry “20%” shall be substituted;

(iv) for the entry “20%”, wherever it occurs, the entry “25%” shall be substituted;

(v) for the entry “24%”, wherever it occurs, the entry “30%” shall be substituted;

(vi) for the entry “36%”, wherever it occurs, the entry “45%” shall be substituted;

(vii) for the entry “40%”, wherever it occurs, the entry “50%” shall be substituted;

(viii)  for the entry “48%”, wherever it occurs, the entry “60%” shall be substituted;

(ix) for the entry “60%”, wherever it occurs, the entry “75%” shall be substituted;

(x) for the entry “72%”, wherever it occurs, the entry “90%” shall be substituted;)

(xi)     for the entry “80%”, wherever it occurs, the entry “100%” shall be substituted.

[F. No. 354/189/2005-TRU (Vol II)]

Raj Kumar Digvijay

Under Secretary to the Government of India

Note: The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 590(E), dated the 13^th August, 2008 and was last amended by notification number 113/2011-Customs, dated the 23^rd December, 2011, vide number G.S.R. 894 (E), dated the 23^rd December, 2011.