Import from LDC - Customs Duty Reduced
GOVERNMENT has reduced the Customs Duty applicable to imports from specified Least Developed Countries. Goods that attracted 20% duty will now be fully exempted. The extent of tariff concession is also enhanced by 25%. Goods which attracted a concession of 8% of the applied rate will now get a concession of 10%; 12% will become 15%; 16% will be 20% and so on.
Notification No. ; Dated October 01, 2012