Indian
Govt Issues Second Tranche of India Australia ECTA
on 29 Dec of the Earlier Notification of 26 Dec
·
Rate Revised Downwards for the Table II Items covering
Pulses, Edible Oil, Wine, Coal and Fertiliser in move
to Placate Australia
[Notification No. 64/2022-Customs
dated 29th December 2022]
Seeks
to give effect to the second tranche of tariff concessions under India
Australia ECTA
Table I Duty Cut Scenario
in Ind-Aus ECTA
|
Previous Duty (w.e.f. 29 Dec 2022) |
No. of Lines |
Revised Duty (w.e.f. 1st Jan 2023) |
Duty Cut |
Duty Cut (%) |
|
0 |
4850 |
0 |
0 |
0 |
|
0.4 |
20 |
0.3 |
0.1 |
25.0 |
|
2.0 |
17 |
1.5 |
0.5 |
25.0 |
|
2.1 |
14 |
1.8 |
0.3 |
14.3 |
|
3.3 |
25 |
1.7 |
1.6 |
48.5 |
|
4.0 |
154 |
3.0 |
1.0 |
25.0 |
|
4.3 |
153 |
3.6 |
0.7 |
16.3 |
|
4.6 |
6 |
4.3 |
0.3 |
6.5 |
|
5.0 |
75 |
2.5 |
2.5 |
50.0 |
|
6.0 |
131 |
4.5 |
1.5 |
25.0 |
|
6.4 |
229 |
5.4 |
1.0 |
15.6 |
|
6.7 |
58 |
3.3 |
3.4 |
50.7 |
|
7.1 |
10 |
6.8 |
0.3 |
4.2 |
|
7.5 |
16 |
6.5 |
1.0 |
13.3 |
|
8.0 |
468 |
6.0 |
2.0 |
25.0 |
|
8.6 |
910 |
7.1 |
1.5 |
17.4 |
|
9.0 |
21 |
8.0 |
1.0 |
11.1 |
|
9.3 |
12 |
8.6 |
0.7 |
7.5 |
|
9.5 |
10 |
9 |
0.5 |
5.3 |
|
10.0 |
5 |
5.0 |
5.0 |
50.0 |
|
12.0 |
10 |
9.0 |
3.0 |
25.0 |
|
12.9 |
115 |
10.7 |
2.2 |
17.1 |
|
13.3 |
30 |
6.7 |
6.6 |
49.6 |
|
13.9 |
1 |
12.9 |
1 |
7.2 |
|
16.7 |
6 |
8.3 |
8.4 |
50.3 |
|
17.1 |
528 |
14.3 |
2.8 |
16.4 |
|
18.0 |
7 |
16.0 |
2.0 |
11.1 |
|
20.0 |
4 |
10.0 |
10.0 |
50.0 |
|
21.4 |
41 |
17.9 |
3.5 |
16.4 |
|
23.3 |
1 |
11.7 |
11.6 |
49.8 |
|
25.7 |
471 |
21.4 |
4.3 |
16.7 |
|
27.9 |
10 |
25.7 |
2.2 |
7.9 |
|
30.0 |
43 |
25.0 |
5.0 |
16.7 |
|
34.3 |
4 |
28.6 |
5.7 |
16.6 |
|
38.6 |
20 |
32.1 |
6.5 |
16.8 |
|
42.9 |
2 |
35.7 |
7.2 |
16.8 |
|
45.0 |
6 |
40.0 |
5.0 |
11.1 |
|
55.7 |
2 |
51.4 |
4.3 |
7.7 |
|
68.6 |
5 |
57.1 |
11.5 |
16.8 |
|
85.7 |
6 |
71.4 |
14.3 |
16.7 |
|
92.9 |
1 |
85.7 |
7.2 |
7.8 |
|
Rs. 1714 Per 1000 Kwh |
1 |
Rs. 1429 Per 1000 Kwh |
Rs. 285 Per 1000 Kwh |
16.6 |
|
Re 0.80 per tonne |
2 |
Re 0.60 per tonne |
Re 0.20 per tonne |
25 |
|
Total |
8500 |
|
|
|
G.S.R.(E).-
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
amendments in the notification of the Government of India in the Ministry of
Finance (Department of Revenue), No.62/2022-Customs, dated the 26th December,
2022, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 904 (E), dated the
26th December, 2022, namely :-
In
the said notification, -
I. For TABLE I, the following Table shall
be substituted, namely: -