Concessional import duties on specified edible oils extended, preserving customs and AIDC exemptions to support supply and affordability.
Notification No. 02/2024 amends Notifications Nos. 48/2021 and 49/2021 to extend the concessional import duty treatment and the exemption from the Agriculture Infrastructure and Development Cess for specified edible oils, preserving customs duty relief for listed soybean, palm and sunflower oil categories to maintain lower import costs and supply continuity.

Export duty on molasses imposed to secure domestic supply for ethanol blending and reduce fuel import reliance.
A 50% export duty has been added to the Second Schedule of the Customs Tariff Act, effective January 18, 2024, using the government's urgent power to levy export duties, to restrict molasses exports and increase domestic supply for ethanol production and to address sugar shortages and fuel-import dependence.

Anti-dumping duty continuation on Meta Phenylene Diamine from China preserves domestic industry protection under sunset review recommendation.
Continuation of anti-dumping duty on Meta Phenylene Diamine from China follows a sunset review finding continued dumping and injury to the domestic industry; the government imposed differentiated per-metric-ton duties on a named Chinese producer and other exporters, including imports from other countries exported via China, to be levied for a five-year period unless earlier revoked, superseded or amended and payable in Indian currency.

Supersession of regulations: new Transportation of Goods rules clarify governing instrument and resolve prior regulatory confusion.
CBIC issued the Transportation of Goods (Through Foreign Territory), Regulations, 2020, expressly superseding the 1965 Regulations; prior notifications had temporarily purported to supersede and then restore the 1965 Regulations, creating stakeholder confusion about governing instruments until the 2020 regulations clarified the supersession.