News & Alert
Indian Customs vide notification no. 31 of 2020 dated 13th July 2020 amended earlier notification no: 152 / 2009, to increase basic customs duty @ 10% on imports of "Polybutadiene Rubber” all goods covered HSN 400220 originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement. Please find customs notification no. 31 of 2020 dated 13th July 2020.
Kindly note that from 21st September 2020, import customs clearance of consignment by taking the FTA benefit under Section 28DA of the Customs Act, 1962 and in respect of Rules of Origin under Trade Agreements (FTA/PTA/ CECA/ CEPA) and verification of Certificates of Origin will be subject to detailed at the time of assessment and clearance.
There are substantial changes and so we have prepared note on the same keeping in view CBIC circular no. 38/2020-Customs.
We are enclosing herewith our note on CBIC circular no. 38/2020-Customs and Customs notification no.81/2020 along with JNPT Customs public notice 120 of 2020.
© 2016 by SAP Global Logistics