ANNOUNCEMENT 22 Jul 2013

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

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Notification No. 36/2013
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2013/cs-tarr2013/cs36-2013.htm

Notification No. 12/2012
http://www.cbec.gov.in/ub1213/cs12-2012.pdf

News Source
http://www.business-standard.com/article/economy-policy/zero-import-duty-on-natural-gas-lng-imports-113072900466_1.html


Inception date: 22 Jul 2013 | Removal date: open ended

Import tariff

On 22 July 2013, the Indian Ministry of Finance issued Notification No. 36/2013, which exempts all importers of Liquefied Natural Gas (LNG) and Natural Gas (NG) for generation of electrical energy from any import duty.
Prior to the change, only selected companies qualified for the waiver, while all other imports were subject to a duty of 5 per cent.
It has been specified that any such gas imports used by captive generating plants for their own industrial use will not be eligible for such an exemption.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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