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of <h1>India amends customs notification to exclude petroleum coke from 5% concessional duty under Customs Act, 1962.</h1> The Government of India has issued Notification No. 02/2018-Customs, dated January 5, 2018, amending Notification No. 50/2017-Customs to exclude petroleum coke from the concessional 5% Basic Customs Duty. This amendment is made under the powers conferred by the Customs Act, 1962, and the Customs Tariff Act, 1975, as it is deemed necessary in the public interest. The change affects the entry against serial number 147 in the notification's table, specifying that all goods, including naphtha, except certain listed items and petroleum coke, are subject to the amendment.
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