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
Notification No. 28/2015-Customs
The import duty has been reduced on the following products -
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".