Global Trade Alert
Global Trade Alert

India: Effective tax rate on natural rubber imports reduced

Announcement

22 Dec 2010

On 22 December 2010, vide Notification No. 128/2010 - Customs, the Government of India liberalised the importation of rubber.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

0 in force

Implementation date

22 Dec 2010

Revocation date:

No revocation date

Import tariff quota

Further, the same Notification No.128/2010 - Customs also creates a tariff rate quota for these natural rubber products, whereby an aggregate quantity of 40,000 MT of total imports in 2010-11 was to e...

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Import tariff

This notification has reduced the effective tax rate on natural rubber imports to 20% or Rs.20 per kg (whichever is lower), as opposed to the earlier 25%. The effective tax rate is the duty payable af...

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