SMP TRQ Cut to 10,000 MTs from 50,000 MTs along with Rise of Duty to 15%

[Customs Notification No. 59 dated 21^st November 2012]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17^th March, 2012, published in the Gazette of India, Extraordinary, vide number G.S.R. 185(E), dated the 17^th March, 2012, namely:- 

In the said notification, in the Table, for serial No. 7 and entries relating thereto, the following shall be substituted, namely:-

“7.

040210 or 04022100

Goods upto an aggregate of ten thousand metric tonnes of total imports of such goods in a financial year.

15%

-

1”.

[F.No.354/94/2012 –TRU]