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of <h1>India Revises Export Duty on Natural Bauxite to 20% Under Customs Act 1962, Effective Immediately</h1> The Government of India, through the Ministry of Finance, issued Notification No. 15/2014-Customs on July 11, 2014, amending Notification No. 27/2011-Customs dated March 1, 2011. The amendment, made under the Customs Act, 1962, revises the effective export duty rate on natural bauxite. Specifically, the duty rate for items listed under serial numbers 24A and 24B in the notification's table is changed to 20%. This adjustment is deemed necessary in the public interest and is published in the Gazette of India.
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