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

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Notification No. 52/2011-Customs - Ministry of Finance http://cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2011/cs-tarr2011/cs52-2k11

Inception date: 25 Jun 2011 | Removal date: open ended
Still in force

Import tariff

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%.

AFFECTED SECTORS