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of <h1>India Lowers Customs Duty on Select Imports from Sri Lanka and Pakistan under SAFTA; Effective Jan 1, 2013.</h1> The Government of India, through Notification No. 68/2012-Customs, announced a concessional customs duty rate for certain goods imported from Sri Lanka and Pakistan under the South Asian Free Trade Area (SAFTA) agreement. Effective from January 1, 2013, the notification exempts specific goods from excess customs duty, provided they meet the origin criteria as per SAFTA rules. Goods in Table I are subject to a 5% duty, while those in Table II incur an 8% duty. However, the exemptions do not apply to goods listed in Table III. Importers must prove the origin of goods to the satisfaction of customs authorities.
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