ANNOUNCEMENT 19 Jan 2009In January 2009, the government of India announced a change in import duties.
NUMBER OF INTERVENTIONS
Notification No. 7/2009-Customs
On 19 January 2009, vide Notification No.7/2009, the Government of India included the following countries in the Market-Linked Tariff Concessions (MLTC) offered by it:
The Indian Government offers MLTC to countries that are listed in Notification No.96/2008-Customs, dated 13 August 2008, as amended from time to time. Goods imported from the listed countries enjoy a general 20% concession on customs duty, calculated upon the applied rate of duty.
This concession does not apply to goods specifically mentioned in Appendix I and II of Notification No.96/2008-Customs. Appendix I goods enjoy concessions at the rates specified in the said Appendix; whereas Appendix II goods do not receive any concession.