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of <h1>India Revises Customs Tariff Rates: 6% for Items 116 & 318, 8% for Items 321, 323 & 328</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 31/2013-Customs, amending the earlier Notification No. 12/2012-Customs dated March 17, 2012. The amendments involve changes in tariff rates for specific items listed in the notification. Specifically, the tariff rate for items under S. Nos. 116 and 318 is adjusted to 6%, while items under S. Nos. 321, 323, and 328 are adjusted to 8%. These changes are made under the authority of the Customs Act, 1962, in the interest of public welfare.
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