Schedule Rate of Basic Customs Duty on Soya beans Raised by 15% (45% from 30%)

[Ref: Notification No. 88/2017 – Customs dated 17 November 2017]

Seeks to increase import tariff rate of soya beans from 30% to 45%.

WHEREAS the Central Government on being satisfied that the import duty leviable on goods falling under heading 1201 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action.

NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act, shall be amended in the following manner, namely:-

In the First Schedule to the said Customs Tariff Act, in Section II, in Chapter 12, against tariff items 1201 10 00 and 1201 90 00 for the entry in column (4), the entry "45%" shall be substituted.

[F.No.354/203/2012-TRU]