Seeks to further amend notification No.12/2012-Customs, dated 17.03.2012 so as to inrease the effective rate of Basic Customs Duty for Marble and Travertine blocks, Marble slabs and Granite slabs with effect from 01.10.2016 - 49/2016 - Customs -Tariff
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Basic customs duty change for marble and granite slabs raises import duty and revises tariff classifications and exemptions. The notification amends Notification No.12/2012-Customs to exclude Rough Marble and Travertine blocks and Marble slabs from an existing entry, and inserts new tariff entries imposing an effective Basic Customs Duty of 20% on specified Marble slabs and on specified Granite slabs, while adjusting related serial entries to account for the new slab classifications.
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Basic customs duty change for marble and granite slabs raises import duty and revises tariff classifications and exemptions.
The notification amends Notification No.12/2012-Customs to exclude Rough Marble and Travertine blocks and Marble slabs from an existing entry, and inserts new tariff entries imposing an effective Basic Customs Duty of 20% on specified Marble slabs and on specified Granite slabs, while adjusting related serial entries to account for the new slab classifications.
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