One percent Cut Results in 7% Textiles Duty on SAFTA Imports from Pak, Sri Lanka

[Customs Notification No. 134 dated 31st December 2010]

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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.68/2006-Customs, dated the 30th June, 2006 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 394 (E), dated the 30th June, 2006, namely:-

In the said notification, in the TABLE, against serial numbers 1 to 248, for the entries in column (4), the entry ‘7%’ shall be substituted.

2. This notification shall come into force with effect from 1st day of January, 2011.

[F.No. 354/42/2002-TRU Vol II]