Revised Customs Duty Rate on Natural Rubber

In recent months, the prices of rubber in the domestic market have fallen considerably. The fall in prices is stated to be due to increased imports. To protect the interest of rubber growers, the basic customs duty on natural rubber has been increased from 20% or Rs. 20 per kg, whichever is lower, to 20% or Rs. 30 per kg, whichever is lower, vide notification No. 51/2013-Customs dated 20-12-2013. Over 12 lakh farmers who are dependent on this crop for their livelihood, are to be benefitted.

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Notification No.  51/2013-Customs

New Delhi, the 20^th December, 2013

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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17^th March, 2012 which was published in the Gazette of India, Extraordinary, vide G.S.R. 185(E) dated the 17^th March, 2012, namely: –

In the said notification, in the Table, against serial number 252, in column (3), against item (ii), for the entry in column (4), the entry “20% or Rs.30/- per kg, whichever is lower” shall be substituted;

 [F. No.354/111/2011-TRU]

[Raj Kumar Digvijay]
Under Secretary to the Government of India

Note.- The principal notification No. 12/2012-Customs, dated the 17^th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E) dated the 17^th March, 2012  and was last amended vide notification No. 43/2013-Customs, dated the 13^th September, 2013 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 630(E) dated the 13^th September, 2013.