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of <h1>India Extends 40% Customs Duty on Ghee, Butter, and Butter Oil Until March 31, 2017, via Notification 53/2016.</h1> The Government of India, through the Ministry of Finance, has amended Notification No. 12/2012-Customs to extend the imposition of a 40% basic customs duty on ghee, butter, and butter oil. This amendment changes the expiration date from September 30, 2016, to March 31, 2017. This decision, made under the powers granted by the Customs Act, 1962, aims to serve the public interest by maintaining the duty rates for an extended period. The amendment was officially documented in Notification No. 53/2016-Customs, dated September 29, 2016.
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