ANNOUNCEMENT 22 Dec 2010

On 22 December 2010, vide Notification No. 128/2010 - Customs, the Government of India liberalised the importation of rubber.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising
Inception date: 22 Dec 2010 | Removal date: 21 Dec 2013
Still in force

Import tariff quota

Further, the same Notification No.128/2010 - Customs also creates a tariff rate quota for these natural rubber products, whereby an aggregate quantity of 40,000 MT of total imports in 2010-11 was to enjoy an effective tax rate of 7.5%. On 13 July 2011, vide Notification No.59/2011 - Customs, the benefits of 7.5% effective tax rate was extended to for 40,000 MT of total imports was extended to the financial year 2011-12 also. In December 2013, the Indian government terminated the described measure through a new intervention (see related measure).

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 22 Dec 2010 | Removal date: 21 Dec 2013
Still in force

Import tariff

This notification has reduced the effective tax rate on natural rubber imports to 20% or Rs.20 per kg (whichever is lower), as opposed to the earlier 25%. The effective tax rate is the duty payable after exemptions. Natural rubber products under HS Codes 400121, 400122 and 400129 have received the above reduction in duty liability vide amendment to the General Duty Exemptions (GDE) contained in Notification No. 21/2002 - Customs (notification dated 1 March 2002).