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 upto and inclusive of the 31st day of March, 2016 - 49/2015 - Customs -Tariff
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Customs duty increase on dairy fats: temporary extension of higher import tariff for specified period. The Central Government amends Notification No.12/2012 Customs by inserting proviso clause (k) to provide that the goods specified at serial number 8 of the Table - ghee, butter and butter oil - shall be subject to the increased basic customs duty rate until and inclusive of a specified terminal date, effecting a time bound modification of the exemption framework under the principal notification.
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Customs duty increase on dairy fats: temporary extension of higher import tariff for specified period.
The Central Government amends Notification No.12/2012 Customs by inserting proviso clause (k) to provide that the goods specified at serial number 8 of the Table - ghee, butter and butter oil - shall be subject to the increased basic customs duty rate until and inclusive of a specified terminal date, effecting a time bound modification of the exemption framework under the principal notification.
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