Retaliatory Tariff on US Imports Postponed to 2nd May 2019
· India Blinks at Seventh Time
[Notification No. 11/2019-Customs dated 29 March, 2019]
Amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 1st April, 2019 to 2nd May, 2019.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, 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, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30th June, 2017, namely:-
In the said notification, in the third proviso for the words and figures “1st day of April, 2019”, the words and figures “2nd day of May, 2019” shall be substituted.
[F. No. 341/15/2018- TRU]