Inception date: 22 Dec 2010 | Removal date: 21 Dec 2013
Still in force
This notification has reduced the effective tax rate on natural rubber imports to 20% or Rs.20 per kg (whichever is lower), as opposed to the earlier 25%. The effective tax rate is the duty payable after exemptions. Natural rubber products under HS Codes 400121, 400122 and 400129 have received the above reduction in duty liability vide amendment to the General Duty Exemptions (GDE) contained in Notification No. 21/2002 - Customs (notification dated 1 March 2002).