Notification No.128/2010-Customs dated 22.12.2010
Seeks to amend Notification 21/2002-Cus dated 01.03.02 so as to reduce the effective rate of import duty on Natural Rubber to 7.5% for a TRQ of 40,000MT up to 31.03.11 & to  20% or Rs 20 which ever is lower, after 31.03.11

 

 G.S.R.1002(E).-  In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments  in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st  March, 2002, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R.118 (E) dated the 1st   March, 2002, namely:-

 

In the said notification, -

 

(1) in the opening paragraph, in the proviso, after clause (iah), the following clause shall be inserted, namely :-

 

“(iai) the goods specified against serial number  491B  of the said Table on or before the 31st  day of March, 2011.”;

 

(2) in the Table,  after S.No.491 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely:-

 

(1)

(2)

(3)

(4)

(5)

(6)

“491A.

4001 21, 4001 22, 400129

Goods up to an aggregate quantity of forty thousand metric tonnes of total imports of such goods in the remaining part of the financial year 2010-11.

7.5%

-

1

491B.

4001 21, 4001 22, 400129

All goods

20% or    Rs.20/- per kg, whichever is lower

-

-”

 

[F.N0.354/143/2010-TRU]

 

 

(Navin Kumar Vidyarthi)

Under Secretary to the Government of India

 

Note.- The principal notification No. 21/2002-Customs, dated the 1st  March, 2002 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i),vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended vide notification No. 127/2010-Customs, dated the 21st December, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i),vide number G.S.R.1000(E), dated the 21st December, 2010.

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