Government Back Tracks on LDC Concessions

Concession Slashed from 80% of Applied Rate to 60%

Applied Rates for Sensitive Goods Doubled

[Customs Notification No. 67 dated 8th June 2010]

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. 96/2008-Customs, dated the 13th August, 2008 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13th August, 2008, namely:-

In the said notification,-

(a) in the opening paragraph, in clause (i) for the figures and words “80 per cent”, the figures and words “60 per cent” shall be substituted.

(b) in Appendix I, in the Table, in column (4),-

(i) for the entry “2%”, wherever it occurs, the entry “4%” shall be substituted;

(ii) for the entry “3%”, wherever it occurs, the entry “6%” shall be substituted;

(iii) for the entry “4%”, wherever it occurs, the entry “8%” shall be substituted;

(iv) for the entry “5%”, wherever it occurs, the entry “10%” shall be substituted;

(v) for the entry “6%”, wherever it occurs, the entry “12%” shall be substituted;

(vi) for the entry “9%”, wherever it occurs, the entry “18%” shall be substituted;

(vii) for the entry “10%”, wherever it occurs, the entry “20%” shall be substituted;

(viii) for the entry “12%”, wherever it occurs, the entry “24%” shall be substituted;

(ix) for the entry “15%”, wherever it occurs, the entry “30%” shall be substituted;

(x) for the entry “18%”, wherever it occurs, the entry “36%” shall be substituted;

(xi) for the entry “20%”, wherever it occurs, the entry “40%” shall be substituted;

(c) in the Schedule, after S. No. 23 and the entries relating thereto, the following S. No. and entries shall be added, namely,-

S. No.	Name of the Country
“24	Republic of East Timor
25	Republic of Zambia”

[F. No. 354/189/2005-TRU (Vol II)]