Customs Duty on Imported Cashew kernels

By Vijay Kumar

BY an amendment to the Finance, Bill, 2013, the Tariff Rate of Basic Customs duty in respect of Cashew Kernel, broken/whole was raised to 70%. [See] Pursuant to the assent granted by the President, the Finance Bill, 2013 has been enacted on 10th May, 2013.

So, in order to prescribe effective rate of Customs duty to Cashew kernel, broken/whole, a notification has been issued on 10th May, 2013. Resultantly, Notification 12/2012-Cus has been amended to insert the following entries -

(1)	(2)	(3)	(4)	(5)	(6)
22A	0801 32 10	All goods	Rs.60 per kg or 45%, whichever is higher	-	-
22B	0801 32 20, 0801 32 90	All goods	Rs.75 per kg or 45%, whichever is higher	-	- ”.

Notification No. , Dated: May10, 2013