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of <h1>India Revises Customs Duty Rates with Notification No. 47/2018; New Rates for Various Goods Now 35%-45.</h1> The Government of India has issued Notification No. 47/2018-Customs, amending Notification No. 50/2017-Customs dated 30th June 2017. These amendments, made under the Customs Act, 1962, and the Customs Tariff Act, 1975, involve changes to the customs duty rates for various goods. Specifically, the notification revises the duty rates for entries against several serial numbers, such as 61, 62, 63, and others, with new rates ranging from 35% to 45%. Additionally, new entries for certain refined and edible grade goods have been introduced with specified duty percentages.
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