Home India Ministry of Finance Whereas the Central Government on being satisfied that the i...
Date: 2018-05-23 Category: Extra Ordinary State: Union Government Country: India

Whereas the Central Government on being satisfied that the import duty leviable on

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, No. 45/2018-Customs, issued by the Ministry of Finance, Department of Revenue, on May 23, 2018, amends the First Schedule to the Customs Tariff Act, 1975. The amendment increases import duties on specific goods under the Customs Tariff Act, 1975. Specifically, the duty on goods falling under tariff item 0802 31 00 in Chapter 8 of Section II is increased to "100". Additionally, the duty on goods falling under tariff item 2106 10 00 in Chapter 21 of Section IV is increased to "40". This action is taken under the powers conferred by subsection 1 of section 8A of the Customs Tariff Act, due to the Central Government's assessment that an increase in import duty is warranted and that immediate action is necessary. The file number for this notification is F. No. 354/170/2018-TRU. Mohit Tewari, Under Secretary, is the contact person.

Key Entities Referenced

Customs Tariff Act, 1975: An act of the Indian Parliament related to customs duties. Central Government: The executive authority of the Union of India. Ministry of Finance: A ministry in the Government of India responsible for financial matters. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The capital city of India. G.S.R. 475E: A government statutory rule number. Mohit Tewari: Under Secretary in the Ministry of Finance. Mayapuri, New Delhi: A locality in Delhi, India.
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