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of <h1>India Raises Import Duty on Jewellery to 15% Under Customs Tariff Act, 1975, Effective Immediately.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 44/2013-Customs, dated September 17, 2013, revising the customs duty on certain articles of jewellery and goldsmiths' and silversmiths' wares. The notification amends the First Schedule of the Customs Tariff Act, 1975, specifically increasing the import duty to 15% for specified tariff items under headings 7113 and 7114. This change is deemed necessary due to existing circumstances and takes effect immediately from September 17, 2013. The First Schedule was last amended by the Finance Act, 2013.
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