Seeks to increase tariff rate of basic customs duty (BCD) on tariff items covered under tariff sub head 0404 10 i.e. Whey and modified Whey, whether or not concentrated or containing added sugar or other sweetening matter, and under tariff item 0404 90 00 i.e. Other Whey from present 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975.
[GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 10th April, 2018
G.S.R. 357(E).- Whereas the Central Government on being satisfied that the import duty leviable on goods falling under heading 0404 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action.
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act, shall be amended in the following manner, namely:-
In the First Schedule to the said Customs Tariff Act, in Section I, in Chapter 4, against tariff items 0404 10 10, 0404 10 20, 0404 10 90 and 0404 90 00, for the entries in column (4), the entries “40%” shall be substituted.
Under Secretary to the Government of India