ANNOUNCEMENT 14 Oct 2011
In October 2011, the government of India announced a change in import duties on crude oil and its by-products.
NUMBER OF INTERVENTIONS
Notification No. 52/2011-Customs - Ministry of Finance http://cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2011/cs-tarr2011/cs52-2k11
The Indian Ministry of Finance reduced the import customs duty on crude oil from 5% to 0% and on petroleum products from 7.5% to 2.5%.