Additional Customs Duty on specified petroleum and gas imports creates a new ad valorem customs liability on importation. Notification imposes an Additional Duty of Customs at the rate of four per cent ad valorem on specified imported petroleum and gas products-petroleum crude, motor spirit (petrol), high speed diesel, aviation turbine fuel and liquefied natural gas/natural gas-under section 3(5) of the Customs Tariff Act, 1975, superseding an earlier notification and effective from the first day of July, 2017.
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Additional Customs Duty on specified petroleum and gas imports creates a new ad valorem customs liability on importation.
Notification imposes an Additional Duty of Customs at the rate of four per cent ad valorem on specified imported petroleum and gas products-petroleum crude, motor spirit (petrol), high speed diesel, aviation turbine fuel and liquefied natural gas/natural gas-under section 3(5) of the Customs Tariff Act, 1975, superseding an earlier notification and effective from the first day of July, 2017.
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