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of <h1>Customs Duty Rates Updated for Industrial Palm Stearin; New Classifications and Duty Rates Introduced Under Finance Act, 2017.</h1> The notification amends Notification No. 12/2012-Customs to update the effective Basic Customs Duty (BCD) rates on industrial grade palm stearin, previously classified under sub-heading 3823 11, now classified under 1511 90 30 following the Finance Act, 2017 amendments. It introduces new entries for palm stearin with free fatty acid (FFA) 20% or more, setting a 7.5% duty rate for general use and a nil rate for manufacturing oleochemicals. Additionally, it omits serial numbers 187A and 187B from the notification.
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