Circular No. ES/5/2016-17 April 1, 2016
To: Members of the Council
Sub: Amendment in CBEC Notification to provide deeper tariff concessions in respect of specified goods imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA), w.e.f. 1st of April, 2016.
Dear Sir,
The Council is glad to inform you that CBEC has issued Notification No. 28/2016-Cus dated 31st March, 2016 amending the earlier Notification No.69/2011-Customs, dated the 29thJuly, 2011. As per the current Notification, the Government has provided deeper tariff concessions in respect of specified goods imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA), w.e.f. 1st of April, 2016 vide.
We are giving here-below the relevant items of MMF Textiles from the above Notification, showing the comparison of rates earlier and now where the concession has been given :
Table
S. No. Chapter or Heading or Sub-heading or Tariff item Description Rate in percentage (unless otherwise specified) Earlier Rates
(1) (2) (3) (4) (5)
372 5401 to 5402 All goods 4.5 9.1
373 5403 All goods 0.0 0.0
374 5404 All goods 4.5 9.1
375 5405 All goods 0.0 0.0
376 54060010 All goods 4.5 9.1
377 54060020 to 54082120 All goods 0.0 0.0
378 5501 All goods 4.5 9.1
379 5502 All goods 0.0 0.0
380 5503 All goods 4.5 9.1
381 5504 to 5507 All goods 0.0 0.0
382 550810 All goods 4.5 9.1
383 550820 to 551694 All goods 0.0 0.0
384 Chapter 56 to 63 All goods 0.0 0.0
Members are requested to make a note of the above.
Thanking You,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
