LDCs Duty Concessions Raised, Only 40% of Normal Rate Applicable (Previous 60%)

[Customs Notification No. 95 dated 15th September 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 amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 96/2008-Customs, dated the 13th August, 2008 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13th August, 2008, namely:-

In the said notification,-

(a) in the opening paragraph, in clause (i) for the figures and words “60 per cent”, the figures and words “40 per cent” shall be substituted.

(b) in Appendix I to the said notification, in the Table, in column (4),-

(i) for the entry “4%”, wherever it occurs, the entry “6%” shall be substituted;

(ii) for the entry “6%”, wherever it occurs, the entry “9%” shall be substituted;

(iii) for the entry “8%”, wherever it occurs, the entry “12%” shall be substituted;

(iv) for the entry “10%”, wherever it occurs, the entry “15%” shall be substituted;

(v) for the entry “12%”, wherever it occurs, the entry “18%” shall be substituted;

(vi) for the entry “18%”, wherever it occurs, the entry “27%” shall be substituted;

(vii) for the entry “20%”, wherever it occurs, the entry “30%” shall be substituted;

(viii) for the entry “24%”, wherever it occurs, the entry “36%” shall be substituted;

(ix) for the entry “30%”, wherever it occurs, the entry “45%” shall be substituted;

(x) for the entry “36%”, wherever it occurs, the entry “54%” shall be substituted;

(xi) for the entry “40%”, wherever it occurs, the entry “60%” shall be substituted.

[F. No. 354/189/2005-TRU (Vol II)]