ANNOUNCEMENT 09 Apr 2010In April 2010, the government of India announced a change in export taxation.
NUMBER OF INTERVENTIONS
Notification No. 106 /2010 - Customs
On 9 April 2010, the Government of India vide Notification No. 44 / 2010 - Customs, exempted cotton wastes, all sorts, from the levy of export tariff in excess of the rate of 3% ad valorem.
The rate of export tariff prior to exemption was 40% ad valorem.
Subsequently, the exemption from export tariff was rescinded on 1 October 2010, vide Notification No. 106/2010 - Customs.