IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Jul 2012 | Removal date: 01 Mar 2015
Still in force

Import tariff

On July 13, 2012, the Indian Ministry of Finance issued Notification No. 45/2012 increasing the import duties on raw sugar and steel alloy imports:
- The import duty on Raw Sugar, Refined or white sugar, and other Raw sugar, imported by a bulk consumer under HS 1701, has been increased from 0 to 10 per cent.
- The import duty on flat rolled products of other alloys of steel has been increased from 5 to 7.5 per cent. The products from non-steel alloys are already subject to a tariff of 7.5 per cent.
The increase in duty affects the following HS codes:
HS 7225 3090, 7225 4019, 7225 50 and 7225 9900.

The import duty on sugar was later increased to 15% on 8 July 2013, while the duty on the iron and steel products was increased to 10% in the 2015-16 Budget on 1 March 2015.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170113 Cane sugar specified in Subheading Note 2 to this Chapter
170114 Other cane sugar
412 Products of iron or steel
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722530 Other, not further worked than hotrolled, in coils
722540 Other, not further worked than hotrolled, not in coils
722550 Other, not further worked than coldrolled (coldreduced)
722599 Other

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