ANNOUNCEMENT 01 Nov 2010

In November 2010, the government of India announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 01 Dec 2010 | Removal date: open ended

Import tariff

 On 1 November 2010, vide Notification No.115/2010, the Government of India included Brunei Darussalam in the list of countries eligible for Market-Linked Tariff Concessions (MLTC).
The Indian Government offers MLTC to countries that are listed in Notification No. No. 153/2009-Customs, dated 31 December 2009, 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.