Increases in customs duty on ghee, butter and butter oil to 40%

By | October 6, 2015

Notification No. 49/2015-Customs –Dated-  5th October, 2015- Seeks to further amend notification No. 12/2012-Customs dated 17.03.2012 so as to increase the basic customs duty on ghee, butter and butter oil from the present rate of 30% to 40% for a period of 6 months i.e upto and inclusive of the 31st day of March, 2016.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 49/2015-Customs

Dated-  5th October, 2015

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), 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, in the Ministry of Finance (Department of Revenue), No.12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012, namely:-

In the said notification, after the Table, in the proviso, after clause (j) the following clause shall be inserted, namely,-

“(k) the goods specified against serial number 8 of the said Table upto and inclusive of the 31st day of March, 2016;”.

 [F. No. 354/197/2015-TRU]

(Anurag Sehgal)

Under Secretary to the Government of India

Note: The principal notification No.12/2012-Customs, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012 and last amended vide notification No. 48/2015-Customs, dated the 30th September, 2015, published vide number G.S.R. 748(E), dated the 30th September, 2015.

 

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