Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News Commentaries / Editorials Month 6 2007 2007 (6) This

Removal of port restrictions on imports of Quota Tea from Sri Lanka at concessional rate

6-6-2007
  • Contents

Notification No. 60/2000 Customs dated 12-5-2000 allows import of "tea" from Sri Lanka at concessional rate of 7.5% subject to the Tariff Rate Quota 15 million kilograms per year.

Till now the benefit of concessional rate was available for import of "tea" through the  ports of Mumbai, Kolkata, Cochin and Visakhapatnam.

With the issue of Notification No. 75/2007 Customs dated 5-6-2007 the restriction about port has been removed. 

Now onwards an importer can avail the benefit of notification no. 60/2000 Customs dated 12-5-2000  and import "tea" at concessional rate of 7.5% from any port subject the Tariff Rate Quota 15 million kilograms per year.

Also see: - Circular No. 22/2007 Cus dated 5-6-2007

Quick Updates:Latest Updates