ANNOUNCEMENT 30 Apr 2015

On 30 April 2015, the India Ministry of Finance through Customs Notification 28/2015 increased the import duty on raw & refined sugar and natural rubber, while reducing the duty on raw silk, video cameras and their parts, and on Colemanite and Boron ores.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 30 Apr 2015 | Removal date: open ended
Still in force

Import tariff

The import duty has been reduced on the following products -

  • Import duty on Colemanite and Boron ores has been reduced from 2.5% to zero.
  • Import duty on raw silk (not thrown) has been reduced from 15% to 10% 
  • Digital Still Image Video Cameras under HS 8525.80.20 and their parts are exempted from basic customs duty on imports
Inception date: 30 Apr 2015 | Removal date: open ended
Still in force

Import tariff

The import tariff on raw and refined sugar is increased from 25% to 40% while that on natural rubber has been increased from "20% or Rs. 30/kg., whichever is lower" or "Rs. 30/kg. to 25% or Rs. 30/kg, whichever is lower".