Notification no 48/2018 Customs date on 20th June, 2018

 

Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975 .

The extract of CUSTOMS Notification No. 48/2018- CUSTOMS is given below: 

Notification No. 48/2018-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.48/2018–Customs

 

New Delhi, the 20^th June, 2018

 

G.S.R. (E).-WHEREAS the Central Government on being satisfied that the import duty leviable on goods, falling under Chapters 7, 8, 28, 38, 72 and 73 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,-

 

(1)   in Chapter 7, for the entry in column (4) occurring against- 

(i)     tariff items 0713 20 10, 0713 20 20 and 0713 20 90, the entry “70%” shall be substituted; 

(ii)  tariff item 0713 40 00, the entry “40%” shall be substituted;

 

(2)   in Chapter 8, for the entry in column (4) occurring against- 

(i)            tariff item 0802 11 00, the entry “Rs 42/kg” shall be substituted; 

(ii)            tariff item 0802 12 00, the entry “Rs 120/kg ” shall be substituted; 

(iii)            for tariff item 0802 31 00, the entry “120% ” shall be substituted; 

(iv)            tariff item 0808 10 00, the entry “75% ” shall be substituted;

 

(3)   in Chapter 28, for the entry in column (4) occurring against- 

(i)                 tariff item 2809 20 10, the entry “20%”shall be substituted; 

(ii)              tariff item 2810 00 20, the entry “17.5%”shall be substituted;

  

(4)   in Chapter 38, for the entry in column (4) occurring against- 

(i)                 tariff item 3822 00 90, the entry “20%”shall be substituted; 

(ii)              tariff item 3824 99 90, the entry “17.5%”shall be substituted;

 

(5)     in Chapter 72, for the entry in column (4) occurring against- 

(i)                 tariff items 7210 12 10 and 7210 12 90, the entry “27.5%”shall be substituted; 

(ii)              tariff items 7219 12 00, 7219 13 00, 7219 21 90 and 7219 90 90, the entry 

“22.5%”shall be substituted;

(iii)            tariff item 7225 11 00, the entry “20%”shall be substituted;