ANNOUNCEMENT 05 Jan 2018
A minimum import duty was imposed on imports of certain man-made fabrics.
NUMBER OF INTERVENTIONS
Notification No. 01/2018-Customs - Ministry of Finance
The Ministry of Finance through Notification No. 01/2018-Customs amended the import duty on Fabrics and Pile fabrics made of man-made fibers from 20% to "20% or INR 100 per kg., whichever is higher", thereby imposing a minimum import duty of INR 100 (~ USD 1.58) per kg. of imports.