ANNOUNCEMENT 29 Apr 2010

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

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Notification No. 55/2010-Customs
act/notifications/notfns-2k10/cs-tarr2k10/cs55-2k10.htm

Budget speech
http://www.incometaxindia.gov.in/Communications/Circular/910110000000000209.htm


Inception date: 29 Apr 2010 | Removal date: open ended
Still in force

Import tariff

 On 29 April 2010, vide Notification No. 55/2010, the Government of India exempted Acetate Rayon Tow from additional duty leviable under Section 3(5) of the Customs Tariff Act, 1975. 
Section 3(5) provides for the levy of additional duty, at a rate not exceeding 4%, to counter-balance sales tax, value added tax, local tax or other charges leviable on like local products. 
The exemption for acetate rayon tow used in the manufacture of cigarette filter rods is intended to correct the existing inversion in duty rates caused by 10% excise duty on filter rods. 
 

AFFECTED SECTORS

 

AFFECTED PRODUCTS