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CBIC increases tariff rate on goods in chapters 7, 8, 28, 38, 72 & 73 in First Schedule to Customs tariff Act, 1975

Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975 vide Notification No. 48/2018–Customs dated 20th June, 2018.

Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 48/2018–Customs

New Delhi, the 20th June, 2018

G.S.R. 577(E).-WHEREAS the Central Government on being satisfied that the import duty leviable on goods, falling under Chapters 7, 8, 28, 38, 72 and 73 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,-

(1) in Chapter 7, for the entry in column (4) occurring against-

(i) tariff items 0713 20 10, 0713 20 20 and 0713 20 90, the entry “70%” shall be substituted;

(ii) tariff item 0713 40 00, the entry “40%” shall be substituted;

(2) in Chapter 8, for the entry in column (4) occurring against-

(i) tariff item 0802 11 00, the entry “Rs 42/kg” shall be substituted;

(ii) tariff item 0802 12 00, the entry “Rs 120/kg ” shall be substituted;

(iii) for tariff item 0802 31 00, the entry “120% ” shall be substituted;

(iv) tariff item 0808 10 00, the entry “75% ” shall be substituted;

(3) in Chapter 28, for the entry in column (4) occurring against-

(i) tariff item 2809 20 10, the entry “20%”shall be substituted;

(ii) tariff item 2810 00 20, the entry “17.5%”shall be substituted;

(4) in Chapter 38, for the entry in column (4) occurring against-

(i) tariff item 3822 00 90, the entry “20%”shall be substituted;

(ii) tariff item 3824 99 90, the entry “17.5%”shall be substituted;

(5) in Chapter 72, for the entry in column (4) occurring against-

(i) tariff items 7210 12 10 and 7210 12 90, the entry “27.5%”shall be substituted;

(ii) tariff items 7219 12 00, 7219 13 00, 7219 21 90 and 7219 90 90, the entry “22.5%”shall be substituted;

(iii) tariff item 7225 11 00, the entry “20%”shall be substituted;

(6) in Chapter 73, for the entry in column (4) occurring against tariff items 7307 29 00, 7307 99 90, 7308 90 90, 7310 29 90, 7318 15 00, 7318 16 00, 7318 29 90, 7320 90 90, 7325 99 99, 7326 19 90, and 7326 90 99, the entry “25%” shall be substituted. .

[F.No.341 /15/201 8-TRU]

(Mohit Tewari)
Under Secretary to the Government of India

Categories: Custom Duty
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