The details of natural rubber (NR) imported the last three years and the current years are as under:-

Import of natural rubber 

The applied rate of basic customs duty effective from 9 January 2004 is 20% for dry forms of NR and 70% for latex. In December 2010, import duty on dry forms of NR was revised as 20% or Rs. 20 per kg whichever is lower. In January 2012, import duty on latex was revised as Rs. 49 per kg if the duty amount per kg calculated at the rate of 70% advalorem is more than Rs. 49 per kg. The Government has revised the import duty on dry forms of NR from “20% or Rs. 20.00 per kg whichever is lower” to 20% or Rs. 30.00 per kg whichever is lower” with effect from 20 December 2013.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Rajya Sabha today.

Import duty on natural rubber: cap for dry forms raised and latex duty subject to per kg minimum. The basic customs duty framework for natural rubber separates dry forms and latex: dry forms were subject to 20% ad valorem with a per kilogram ceiling, and latex to 70% ad valorem with a per kilogram floor where applicable. Administrative revisions fixed a per kilogram cap on dry forms in 2010 and raised that cap in December 2013, while latex duty was made subject to a per kilogram minimum in January 2012 when the ad valorem amount exceeded that minimum.