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of <h1>Govt Imposes 50% Export Duty on Onions Under Customs Tariff Act, 1975, Effective Immediately via Notification 47/2023-Customs.</h1> The Central Government has issued Notification No. 47/2023-Customs, dated August 19, 2023, to amend the Second Schedule of the Customs Tariff Act, 1975. This amendment prescribes a 50% export duty on onions, citing the necessity for immediate action. The amendment involves renumbering the existing Sl. No. 1 as Sl. No. 1A and inserting a new entry for onions under Sl. No. 1 with the specified export duty rate. This change is enacted under the authority granted by the Customs Tariff Act.
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