ANNOUNCEMENT 11 Feb 2009In February 2009, the government of India announced a change to the import-specific domestic duties.
NUMBER OF INTERVENTIONS
Notification No. 13/2009-Customs
On 11 February 2009, vide Notification No. 13/2009 - Customs, the Government of India set the effective tax rate on newsprint, uncoated paper (for newspapers) and lightweight coated paper (for magazines) to zero, as opposed to the earlier 3, 2 and 5% respectively.
The effective tax rate is the import duty payable after exemptions. Newsprint and paper have received exemption from duty liability vide amendment to the General Duty Exemptions (GDE) contained in Notification No. 21/2002 - Customs (notification dated 1 March 2002).