CUS NTF NO. 86/2006 DATE 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

Note: The principal notification No.85/2004-Customs, dated the 31st August, 2004, was published in the Gazette of India, Extraordinary, vide number G.S.R.560(E), dated the 31st August, 2004 and was last amended by notification No.79/2006-Customs, dated the 1st September, 2005, published vide number G.S.R.555(E), dated the 1st September, 2005.

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