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 amended the import duty exemptions on milk imports. Earlier imports up to an aggregate of 50,000 metric tons in a year were exempt from any duty, while imports above this were subject at normal rates. With the amendment, the duty has been increased to 15% for an aggregate of 10,000 metric tons of imports in a year, with normal rates for imports above this limit.