Central Government increases import duty to 18% for specified petroleum and coal bed methane goods under Notification No. 50/2017

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....The Central Government, exercising powers under the Customs Act, 1962 and the Customs Tariff Act, 1975, amends Notification No. 50/2017-Customs to substitute "18%" in column (5) against S. No. 404, thereby increasing the duty rate to 18% for the specified goods when imported by the specified person in connection with petroleum operations or coal bed methane operations under the relevant policy; the amendment takes effect on 22 September 2025.....