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of <h1>India Amends Customs Duty on Imports from Australia; New Rates Effective January 1, 2024</h1> The Central Government of India has amended Notification No. 62/2022-Customs regarding the levy of customs duty on specified goods imported from Australia. Effective January 1, 2024, the amendment introduces new duty rates for various goods, including crude oils from olives, meat products, and certain machinery. The duty is set at 14.3% or a specific rate per square meter, whichever is higher. Additionally, specific duty rates are outlined for goods like graphite filter candles and parachutes. The amendment also specifies customs duty based on the CIF value of certain bottled goods. This notification supersedes previous amendments made in May 2023.
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