TMI BlogRevision of customs duties on certain itemsX X X X Extracts X X X X X X X X Extracts X X X X ..... Revision of customs duties on certain items - Commentaries / Editorials Dated:- 18-11-2008 - News - In the wake of the recent fall in the international prices of commodities and with a view to safeguard the interests of domestic producers, Government have carried out certain changes in the customs duty rates. The details of these changes are as under: (i) Withdrawal of the full exemption from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... customs duty granted earlier on specified iron and steel items such as Pig iron, spiegeleisen, semi-finished products, flat products and long products. Consequently, they will be subject to a basic customs duty of 5% ad valorem. (ii) Withdrawal of full exemption from customs duty granted earlier on crude soyabean. Consequently, crude soyabean oil will be subject to a basic customs duty of 20% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ad valorem. There is no change in the import duty on refined soyabean oil. These changes come into effect on the 18th of November, 2008. Notification No.122/2008-Customs dated 18.11.2008 has been issued in this regard. Also see: Customs - Notification No. 021/2002 Part-I-Cus dated -01-03-2002 Exemption and effective rate of basic and additional duty for specified goods of Chapter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 to 99 Customs - Notification No. 021/2002 Part-II-Cus dated -01-03-2002 CONDITIONS and ANNEXURE - Exemption and effective rate of basic and additional duty for specified goods of Chapter 1 to 99 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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