Customs - Tariff Rate of Duty on Butter, Ghee to Continue
AS per Serial Number 8 of the Table in Notification No.12/2012-Cus, dated 17.03.2012, there is a concessional Customs duty of 30% for Butter, ghee and butter oil. But this is not applicable till 30th September 2016. This is now extended till 31 st March 2017. This means the tariff rate of 40% instead of the effective rate of 30% will be applicable till 31 st March 2017.
Notification No. , Dated: September 29 2016