Notification no. 88/2017 Customs date on 17th November, 2017
Seeks to increase import tariff rate of soya beans from 30% to 45%.
The extract of CUSTOMS Notification No. 88/2017- CUSTOMS is given below:
Notification No. 88/2017-CUSTOMS
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 88/2017 – Customs
New Delhi, the 17th November, 2017
G.S.R. (E). - WHEREAS the Central Government on being satisfied that the import duty leviable on goods falling under heading 1201 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action.
NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act, shall be amended in the following manner, namely:-
In the First Schedule to the said Customs Tariff Act, in Section II, in Chapter 12, against tariff items 1201 10 00 and 1201 90 00 for the entry in column (4), the entry "45%" shall be substituted.
[F.No.354/203/2012-TRU]
(Mohit Tewari)
Under Secretary to the Government of India