ANNOUNCEMENT 21 Nov 2012In November 2012, the government of India announced an altered import quota.
NUMBER OF INTERVENTIONS
On 21 November 2012, the Indian Ministry of Finance issued the Notification No. 59/2012-Customs amending the Notification No. 12/2012 as follows:
The aggregate quantity of dairy products (under HS code 040210 and 04022100) benefiting from lower import duties is reduced to 10,000 metric tonnes per year, down from 50,000 before. The duty rate for exempted dairy products is increased to 15 per cent, up from 0 per cent before.