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ARTICLE · 22 SEPTEMBER 2016

Indirect Tax Newsletter - August 2016

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•The Ministry of Finance had earlier notified a levy of safeguard duty on import of certain products under Chapter 72 of the Customs Tariff Act, 1975 (CTA), vide Notification No 1/2016 dated 29 March 2016.

IndiaTax
Khaitan & Co. Indirect Tax Team
Khaitan & Co. Indirect Tax Team
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NOTIFICATIONS / CIRCULARS / CLARIFICATIONS

Customs

  • The Ministry of Finance had earlier notified a levy of safeguard duty on import of certain products under Chapter 72 of the Customs Tariff Act, 1975 (CTA), vide Notification No 1/2016 dated 29 March 2016. The levy is subject to a condition that the imports are below the minimum import price (MIP) as notified earlier. The MIP has now been amended and notified for Chapter 72 of the CTA.

    (Ref: Notification No 02/2016 – Customs (SG) dated 4 July 2016)
  • Anti-dumping duty has been imposed by the Central Government on the imports of the following products from countries specified in respective notifications issued during August 2016:

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