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of <h1>India Revises Import Duties: New Rates Apply to Chapters 39, 40, 42, 64, 71, and 84 Effective September 27, 2018.</h1> The Government of India has issued Notification No. 67/2018-Customs, amending the First Schedule of the Customs Tariff Act, 1975. The amendments increase import duty rates on goods under specific chapters, effective from September 27, 2018. The changes include a 15% duty on items in Chapters 39, 40, and 42; a 25% duty on items in Chapter 64; a 20% duty on items in Chapter 71; and various adjustments in Chapter 84, ranging from 10% to 20% on specified tariff items. These adjustments reflect the government's decision to address immediate economic circumstances.
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