Customs Duty on Wheat - Increased
WHEAT was charged to nil duty as per Sl. No.34 of the Table to the Notification No. 12/2012-Cus. It was made 10% by Notification No. 44/2015-Cus, dated 07.08.2015. Now the Government has hiked it to 25% with effect from yesterday. This seems to be in view of the steep fall in international prices of wheat and in anticipation of heavy imports. Good quality imported what is less expensive than bad quality wheat supplied by FCI. The Government has to protect the Indian farmer and the FCI.
This rate is valid till March 31 2016.
Notification No. , Dated: October 19, 2015