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<h1>India Raises Import Tariff on Soya Beans to 45% Under Customs Tariff Act, Section 8A.</h1> The Government of India, through the Ministry of Finance's Department of Revenue, issued Notification No. 88/2017 on November 17, 2017, to amend the Customs Tariff Act, 1975. The amendment increases the import tariff rate on soya beans, classified under tariff items 1201 10 00 and 1201 90 00, from 30% to 45%. This decision was made under the powers conferred by section 8A of the Customs Tariff Act, citing the necessity for immediate action.