Indo-Japan CEPA
Engine of
250cc Plus and Gear Boxes and Parts Duty Slashed w.e.f.
1 January 2016
[Customs
Notification No. 57 Customs dated 14 December 2015]
Seeks to further amend
Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a
concessional rate of basic customs duty in respect of tariff item 84082020
[engines of a kind used for the propulsion of motor vehicles – of cylinder
capacity exceeding 250 cc] and 87084000 [gear box and parts thereof, of motor
vehicles], w.e.f. 1st of January, 2016 at 5.94% and
8.13%, respectively, when imported under the India-Japan Comprehensive Economic
Partnership Agreement (IJCEPA)
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.69/2011-Customs dated the 29th
July, 2011, published in the Gazette of India, Extraordinary, Part II, Section
3, Sub-section (i), vide number G.S.R. 593 (E), dated
the 29th July, 2011, namely:-
In
the said notification, in the Table,-
(a) against S. No. 521, for the entry in column (4), the entry 5.94
shall be substituted;
(b) against S. No. 746, for the entry in column (4), the entry 8.13
shall be substituted.
2. This
notification shall come into force with effect from the 1st day of January,
2016
[F.
No. 354/199/2009-TRU]