Seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 30.06.2016 - 40/2016 - Customs -Tariff
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Tariff concessions expanded under India Malaysia CECA, substituting the customs tariff table to provide reduced import duties. Substitution of the Table in Notification No.53/2011 Customs to implement enhanced tariff concessions for specified HS chapters, headings and tariff items under IMCECA by listing concessional duty rates (largely zero duty with specified positive rates) for identified goods imported from Malaysia. The revised schedule replaces the prior table and takes effect from 30th June, 2016, extending preferential tariff treatment to qualifying imports as set out in the substituted Table.
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Tariff concessions expanded under India Malaysia CECA, substituting the customs tariff table to provide reduced import duties.
Substitution of the Table in Notification No.53/2011 Customs to implement enhanced tariff concessions for specified HS chapters, headings and tariff items under IMCECA by listing concessional duty rates (largely zero duty with specified positive rates) for identified goods imported from Malaysia. The revised schedule replaces the prior table and takes effect from 30th June, 2016, extending preferential tariff treatment to qualifying imports as set out in the substituted Table.
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