Imported Sugar attracts 10% duty Notification No 12/2012 Cus amended
NOTIFICATION No 12/2012 Cus dated 17.03.2012 has three entries Sl No 76 (Raw Sugar), 77(Refined or White Sugar) and 78 (Raw Sugar imported by bulk importer) with effective rate of duty as Nil. These entries had a sunset clause and were valid only upto 30 th June 2012 and the exemption is not applicable on or after 1st July 2012 (Ref: Proviso (b) under the Table). So from 1st July 2012, the applicable rate of duty is 100% as per the Tariff.
It took a cool 12 days for the Board to realise this as now the Notification has been amended to make effective rate of duty as 10%. What about the sugar imported from 1st July 2012 to 12th July 2012? The conditions 3A, 3B, 3C remain unchanged and the proviso (b) has now been omitted.
Further, Sl No 334 has been amended to include certain flat rolled products of other alloy steels falling under Customs Tariff headings 7225 40 19, 7225 50 or 7225 99 00 which will now attract duty at the rate of 7.5%.
Notification No , Dated: July 13, 2012