India Postpones Retaliatory Tariff on US
Imports by Another 14 Days to 16 May 2019
·
Hopes for Settlement in Wilbur
Ross Meet of 6 May
·
Blinks for Eighth Time on Eye to
Eye Combat with Uncle Sam
[Notification No.
14/2019-Customs dated 1 May 2019]
Seeks to further 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 2nd May, 2019 to 16th May, 2019.
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) 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 “2nd day of May, 2019”, the
words and figures “16th day of May, 2019”
shall be substituted.
[F.
No. 341/15/2018- TRU]