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
Inception date: 24 Mar 2011 | Removal date: open ended
Still in force

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.