ANNOUNCEMENT 24 Mar 2011

In March 2011, the government of India announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Notification No. 32 /2011-Customs
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-tarr2k11/cs32-2k11.pdf


Inception date: 24 Mar 2011 | Removal date: open ended

Import tariff

 On 24 March 2011, vide Notification No. 32/2011 - Customs, the Government of India fully exempted the following goods from payment of additional customs duty upon import into India:

  • microprocessors, disc drives, CD-ROMs, flash memory, etc. 
  • vessels for transport of persons or goods
  • aircraft powered, spacecraft or launch vehicles

Additional duty is 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.

AFFECTED SECTORS

 
451 452 475 476 479 493 496

AFFECTED PRODUCTS

 
847130 847141 847149 847150 847160 847170 847180 847190 847310 847329 847330 847340 847350 852321 852329 852349 852351 852352 852359 852380 880211 880212 880220 880230 880240 880260 890110 890120 890190
(+ 19 more)