Increase the standard tariff for LPG in 1st Schedule of Customs Tariff Act, 1975 - 40/2023 - Customs -Tariff

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 40/2023-Customs New Delhi, the 30th June, 2023 G.S.R. 469(E). WHEREAS, the Central Government on being satisfied that the import duty leviable on Liquified Petroleum Gas falling under tariff items 2711 19 10 , 2711 19 20 and 2711 19 90 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which render it necessary to take immediate action. NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act , the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act , shall be amended in the following manner, namely:- In the First Schedule to the said Customs Tariff Act , in Chapter 27 , for the entry in column (4) occurring against tariff items 2711 19 10 , 2711 19 20 and 2711 19 90 , the entry 15% shall be substituted. 2. This notification shall come into force on the 1st day of July, 2023. [F. No. 349/01/2023-TRU] AMREETA TITUS, Dy. Secy.