Seeks to further amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a deepen the concessional rate of basic customs duty in respect of tariff item 8708 40 00 [gear box and parts thereof, of specified motor vehicles], w.e.f. 1st of January, 2018, when imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA) - 94/2017 - Customs -Tariff
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Concessional customs duty rate for specified gearboxes under IJCEPA deepened, applying from the notified effective date. Amends Notification No. 69/2011 Customs by substituting the entry in column (4) at S. No. 746 with the concessional basic customs duty rate '6.88' for tariff item 8708 40 00 (gear box and parts thereof) when imported under the India Japan Comprehensive Economic Partnership Agreement; the amendment is made under section 25(1) of the Customs Act, 1962 and shall take effect from 1 January 2018.
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Provisions expressly mentioned in the judgment/order text.
Concessional customs duty rate for specified gearboxes under IJCEPA deepened, applying from the notified effective date.
Amends Notification No. 69/2011 Customs by substituting the entry in column (4) at S. No. 746 with the concessional basic customs duty rate "6.88" for tariff item 8708 40 00 (gear box and parts thereof) when imported under the India Japan Comprehensive Economic Partnership Agreement; the amendment is made under section 25(1) of the Customs Act, 1962 and shall take effect from 1 January 2018.
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