ANNOUNCEMENT 24 Mar 2011
In March 2011, the government of India announced a change in import duties.
NUMBER OF INTERVENTIONS
India Customs. (2011). Notification 31/2011. Available at http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-tarr2k11/cs31-2k11.pdf
On 24 March 2011, the government of India has respecified import tariffs on vehicles for the transport of persons, coal and printer components.
Imported vehicles are now subject to a tariff of 10, 30 or 60 percent depending on the state of assembly. Previously, only the tariff rates of 30 and 60 percent were possible.
Coal may be imported duty-free if it has a "Swelling Index or Crucible Swelling Number of 1 and above and mean reflectance of above 0.60, for use in the manufacture of iron or steel using Corex, Finex or PCI technology".
Furthermore, certain components used in the manufacturing of printers may be imported at the standard duty rate of zero, and the additional duty rate of 5 percent.