Seeks to further amend notification No.12/2012-Customs dated the 17th March, 2012, so as to: 1. Reduce import duty on potatoes from 30% to 10% up to 31.10.2016. 2. Reduce import duty on wheat from 25% to 10% up to 29.02.2017. 3. Reduce import duty on palm oil from 12.5% to 7.5% for crude palm oil of edible grade, and from 20% to 15% for refined palm oil of edible grade

Seeks to further amend notification No.12/2012-Customs dated the 17th March, 2012, so as to: 1. Reduce import duty on potatoes from 30% to 10% up to 31.10.2016. 2. Reduce import duty on wheat from 25% to 10% up to 29.02.2017. 3. Reduce import duty on palm oil from 12.5% to 7.5% for crude palm oil of edible grade, and from 20% to 15% for refined palm oil of edible grade https://www.taxtmi.com/notifications?id=119611 The notification amends Notification No.12/2012-Customs by inserting new Table entries and substituting duty rates: potatoes (HS 0701 90 00) duty reduced to 10% (new serial 18A) and wheat (HS 1001 19 00 / 1001 99 10) duty reduced to 10% (new serial 34A), with proviso clauses specifying applicability after the stated dates. It also substitutes lower duty rates for edible crude palm oil (reduced to 7.5%) and edible refined palm oil (reduced to 15%) against serial numbers 51 and 59. The amendments are effected under section 25(1) of the Customs Act, 1962. en-us Fri, 23 Sep 2016 00:00:00 +0530 Mon, 26 Sep 2016 18:39:00 +0530 TaxTMI RSS Generator Seeks to further amend notification No.12/2012-Customs dated the 17th March, 2012, so as to: 1. Reduce import duty on potatoes from 30% to 10% up to 31.10.2016. 2. Reduce import duty on wheat from 25% to 10% up to 29.02.2017. 3. Reduce import duty on palm oil from 12.5% to 7.5% for crude palm oil of edible grade, and from 20% to 15% for refined palm oil of edible grade https://www.taxtmi.com/notifications?id=119611 The notification amends Notification No.12/2012-Customs by inserting new Table entries and substituting duty rates: potatoes (HS 0701 90 00) duty reduced to 10% (new serial 18A) and wheat (HS 1001 19 00 / 1001 99 10) duty reduced to 10% (new serial 34A), with proviso clauses specifying applicability after the stated dates. It also substitutes lower duty rates for edible crude palm oil (reduced to 7.5%) and edible refined palm oil (reduced to 15%) against serial numbers 51 and 59. The amendments are effected under section 25(1) of the Customs Act, 1962. Notifications Customs Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119611