ANNOUNCEMENT 28 Feb 2013

In February 2013, the government of India announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Press Information Bureau, Government of India Release/DL/239: http://pibmumbai.gov.in/scripts/detail.asp?releaseId=E2013PR294


Inception date: 01 Apr 2013 | Removal date: open ended
Still in force

Import tariff

On February 28, 2013, the Ministry of Finance of India published a Press Release announcing the following increases in import duties:

  • High-end motor vehicles of a value higher than US$40,000: from 75% to 100%
  • Motorcycles with engine capacity of 800cc or more: from 60% to 75%
  • Yachts and similar vessels: from 10% to 25%

The new tariffs became effective on April 1, 2013.

AFFECTED SECTORS