Customs duty on import from Singapore lowered

NEW DELHI. The Government has slashed Customs duty on import of goods of Singapore Origin specified under Notification No. 74/2005-Customs from Singapore to 25 per cent of applied duty.

                Customs on import of goods of Singapore origin from Singapore specified under Notification No. 75/2005-Customs has also been lowered to 65 per cent of applied duty-Customs Tariff Notification No.45.

Notification No. 45/2008-Customs
New Delhi dated the 9th April, 2008

G.S.R.  (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, being satisfied that it is necessary in the public interest so to do, hereby directs that the following notifications of the Government of India, in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended in the manner and to the extent specified in the corresponding entry in column (3) of the said Table, namely:-

Table

S. No

Notification No. and date

Amendments

(1)

(2)

(3)

1

74/2005-Customs, dated the 22nd July, 2005 [G.S.R. 499(E), dated the 22nd July 2005.]

In the said notification, in the preamble, for the figures and words “50 per cent.”, the figures and words “25 per cent.” shall be substituted.

2.

75/2005-Customs, dated the 22nd July, 2005 [G.S.R. 500(E), dated the 22nd July 2005.]

In the said notification, in the preamble, for the figures and words “80 per cent.”, the figures and words “65 per cent.” shall be substituted.

[F.No.354/9/2004-TRU]

(S.Bajaj)

Under Secretary to the Government of India

Note.-
(1) The principal notification No. 74/2005-Customs, dated the 22nd July, 2005 was published in the Gazette of India, Extraordinary, vide number G.S.R. number 499(E), dated the 22nd July 2005 and was last amended by notification no. 49/2007-Customs, dated the 29th of March, 2007 which was published in the Gazette of India, Extraordinary vide number G.S.R. 258 (E), dated the 29th March, 2007.

(2) The principal notification No. 75/2005-Customs, dated the 22nd July, 2005 was published in the Gazette of India, Extraordinary, vide number G.S.R. number 500 (E), dated the 22nd July 2005 and was last amended by notification no. 49/2007-Customs, dated the 29th of March, 2007 which was published in the Gazette of India, Extraordinary vide number G.S.R. 258 (E), dated the 29th March, 2007.

(Source: Allindiantaxes)

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