ANNOUNCEMENT 10 Feb 2009In February 2009, the government of India announced a change to the import-specific domestic duties.
NUMBER OF INTERVENTIONS
Notification No 12 /2009-Customs.
On 10 February 2009, vide Notification No. 12/2009 - Customs, the Government of India has reduced the effective tax rate on hard zinc spelter and ash and residues containing mainly zinc and and copper to 5%, as opposed to the earlier 7.5%.
The effective tax rate is the import duty payable after exemptions. Ash residues have received exemption from duty liability in excess of 5% vide amendment to the General Duty Exemptions (GDE) contained in Notification No. 21/2002 - Customs (notification dated 1 March 2002).