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of <h1>India Revises Customs Tariffs: New 10% Duty Rates for Specific Goods Under Notification No. 48/2016-Customs.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 48/2016-Customs to amend Notification No. 12/2012-Customs dated March 17, 2012. This amendment, made under the Customs Act, 1962, modifies the tariff rates for certain goods in the interest of the public. Specifically, it replaces serial number 110A with new tariff entries for goods under specific codes with a 10% duty and introduces serial number 303A for goods under different codes, also with a 10% duty. This notification was published on September 8, 2016.
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