New Customs Duty Rates for Wood Products: 10% for Rough Wood, 15% for Sawn Wood, Exempt from Additional Duty
Notification No. 58/90-Cus, dated March 20, 1990, issued under the Customs Act, 1962, prescribes effective rates of basic duty on specified goods under Heading Nos. 44.03 and 44.07 of the Customs Tariff Act, 1975. It supersedes the previous notification No. 62/85-Customs. The Central Government exempts certain wood products from customs duty exceeding specified rates: wood in the rough and roughly squared wood at 10% ad valorem, and wood sawn or chipped exceeding 25.04 mm thickness at 15% ad valorem. The notification also exempts these goods from additional duty under section 3 of the Customs Tariff Act.
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