prpri Revision in rates of Basic Customs duty on goods imported from Japan Revision in rates of Basic Customs duty on goods imported from Japan

CA Bimal Jain

The Central Government vide Notification No. 36/2014-Customs (Tariff) dated December 29, 2014 has amended Notification No. 69/2011-Customs (Tariff) dated July 29, 2011 which had been issued in respect of specified goods imported from Japan and has revised the rate of Basic Customs duty on the following two tariff items of the First Schedule of the Customs Tariff Act, 1975:

  • In respect of tariff item no. 84082020, rate shall be 8%,
  • In respect of tariff item no. 87084000, rate shall be 75%.

The revised rates of Customs duty are effective from January 1, 2015.

Seeks to notify the basic customs duty rates [under notification No. 69/2011-Customs dated 29th July 2011 (India-Japan CEPA)] on tariff item 84082020 and tariff item 87084000 at 6.8% and 8.75%, respectively w.e.f. 01st January 2015.

CBEC has made amendments in the Notifications describing the Preferential Trade Agreements entered with the following countries effective January 2015:

S. No. Country Earlier Notification No.
1. Singapore Notification No. 10/2008-Customs, dated the 15th January, 2008
2. Korea Notification No. 152/2009-Customs, dated the 31st December, 2009
3. Malaysia Notification No. 53/2011-Customs, dated the 1st July, 2011
4. ASEAN Notification No. 46/2011-Customs, dated the 1st June, 2011
5. Japan Notification No. 69/2011-Customs dated the 29th July, 2011

Notification No. 36/2014-Customs

Dated – 29th December, 2014

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.69/2011-Customs dated the 29th July, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 593 (E), dated the 29th July, 2011, namely:-

In the said notification, in the Table,-

(a) against S. No. 521, for the entry in column (4), the entry “6.8” shall be substituted;

(b) against S. No. 746, for the entry in column (4), the entry “8.75” shall be substituted.

2. This notification shall come into force with effect from the 1st day of January, 2015.

[F. No. 354/199/2009-TRU]

(Akshay Joshi)
Under Secretary to Government of India

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