Basic Customs Duty increase on gold imports under India-UAE trade quota raises the applicable tariff rate for those consignments. The Central Government, invoking section 25(1) of the Customs Act, 1962, by Notification No. 36/2022 Customs dated 30 June 2022, amends Notification No. 22/2022 Customs by substituting the Table III entry for S. No. 12 in Column (5) from '6.6' to '11.5', thereby increasing the Basic Customs Duty rate applicable to specified gold imports under the India-UAE CEPA tariff rate quota.
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Basic Customs Duty increase on gold imports under India-UAE trade quota raises the applicable tariff rate for those consignments.
The Central Government, invoking section 25(1) of the Customs Act, 1962, by Notification No. 36/2022 Customs dated 30 June 2022, amends Notification No. 22/2022 Customs by substituting the Table III entry for S. No. 12 in Column (5) from "6.6" to "11.5", thereby increasing the Basic Customs Duty rate applicable to specified gold imports under the India-UAE CEPA tariff rate quota.
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