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Customs Notification No-86/2006 dated
30.08.2006
Indo-Thailand FTA : MoF further halves customs duty on 82 items effective from
today
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.85/2004-Customs, dated the 31st
August, 2004, namely:-
In the said notification,
(i) in the preamble, for the words, brackets and figures "so much of the duty of
customs leviable thereon which is specified in the said First Schedule as is in
excess of the amount calculated at twenty five per cent of the rate specified in
the corresponding entry in column (4) of the said Table", the words and figures
"the whole of the duty of customs leviable thereon which is specified in the
said First Schedule" shall be substituted; and
(ii) in the TABLE, column (4) and the entries relating thereto shall be omitted.
2. This notification shall come into force with effect from the 1st day of
September, 2006.
F.No.354/213/2002-TRU
(Ajay)
Under Secretary to the Government of India