ANNOUNCEMENT 19 Jul 2011

In July 2011, the government of India announced a change to the import-specific domestic duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



No. 63/2011-Customs
http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-tarr2k11/cs63-2k11.htm


Inception date: 19 Jul 2011 | Removal date: open ended

Internal taxation of imports

On 19 July 2011, vide Notification No. 63/2011 - Customs, the Government of India has increased the effective tax rate on akyl esters of long chain fatty acids, obtained from vegetable oils, commonly known as bio-diesels, to 10%, as opposed to the earlier 2.5%.
 
The effective tax rate is the duty payable after exemptions. Bio-diesels have received exemption from duty liability in excess of 10% only vide amendment to the General Duty Exemptions (GDE) contained in Notification No. 21/2002 - Customs (notification dated 1 March 2002).

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