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of <h1>India Amends Customs Notification to Boost Duty-Free Tariff Preferences for Least Developed Countries, Effective October 2012</h1> The Government of India has amended Notification No. 96/2008-Customs to enhance concessions under the Duty-Free Tariff Preference (DFTP) scheme for Least Developed Countries (LDCs). Effective October 1, 2012, the amendment replaces the existing duty rates with reduced or eliminated customs duties as specified in the first schedule to the Customs Tariff Act, 1975. Changes include increasing the percentage reductions across various entries in Appendix I, facilitating greater trade benefits for LDCs by adjusting duty concessions to range from 10% to 100%. This amendment aims to support public interest by promoting economic development in LDCs.
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