Tariff concessions on goods covered under CECA between India & Singapore

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

Revision in rates of Basic Customs Duty of specified goods imported from Republic of Singapore

The Central Government Vide Notification No. 01/2015-Customs (Tariff) dated January 5, 2015 has amended Notification No. 10/2008-Customs (Tariff) dated January 15, 2008 and thereby revised the rate of Basic Customs duty of specified goods imported from Republic of Singapore.

The revised rates of Customs duty are applicable from January 5, 2015.

(Bimal Jain, FCA, FCS, LLB, B.Com (Hons), Mobile: +91 9810604563, Email: bimaljain@hotmail.com)————

Seeks to amend Notification No. 10/2008-Customs, dated 15th January, 2008 so as to further deepen the tariff concessions in respect of goods covered under the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore

Notification No. 01/2015-Customs

Dated – 5^th of January, 2015

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. 10/2008-Customs, dated the 15th January, 2008,  published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 33(E), dated the 15^th January, 2008, namely:-

In the said notification, for the Table, the following Table shall be substituted, namely: –

“Table

 [F. No. 354/9/2004-TRU (Pt. III)]

(Akshay Joshi)

Under Secretary to the Government of India

Footnote.-  The principal notification No. 10/2008-Customs, dated the 15th January, 2008  was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 33(E), dated the 15^th January, 2008 and last amended by notification No.50/2013-Customs, dated the 16^th December, 2013, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 779 (E), dated the 16^th December, 2013.