Seeks to further amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN countries under the India-ASEAN Free Trade Agreement w.e.f. 01.01.2016 - 58/2015 - Customs -Tariff
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Tariff concessions under India ASEAN FTA expanded by notification substituting a concessional tariff table, effective from start of 2016. Amendment to Notification No.46/2011 Customs by substituting the existing Table with a new, itemised tariff Table specifying concessional duty rates for identified chapters, headings, sub headings and tariff items for imports from ASEAN under the India ASEAN FTA. The Central Government, relying on public interest powers under Section 25 of the Customs Act, 1962, prescribes concessional rates and declares that the notification shall take effect from 1 January 2016.
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Tariff concessions under India ASEAN FTA expanded by notification substituting a concessional tariff table, effective from start of 2016.
Amendment to Notification No.46/2011 Customs by substituting the existing Table with a new, itemised tariff Table specifying concessional duty rates for identified chapters, headings, sub headings and tariff items for imports from ASEAN under the India ASEAN FTA. The Central Government, relying on public interest powers under Section 25 of the Customs Act, 1962, prescribes concessional rates and declares that the notification shall take effect from 1 January 2016.
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