[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi dated the 15th January, 2008
Notification No. 10/2008-Customs
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description as specified in column (3) of the Table appended hereto and falling under the tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in the corresponding entry in column (2) of the said Table, when imported into India from the Republic of Singapore, from so much of the duty of customs leviable thereon as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the aforesaid Table:
Provided that the importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of Republic of Singapore, in accordance with the provisions of the Rules of Origin, published in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 59/2005-Customs (N.T.), dated the 20th July, 2005.
Table
S.No. | Tariff item of the First Schedule | Description of goods | Rate |
(1) | (2) | (3) | (4) |
1 | 14019010 | All goods | 24.00% |
2 | 15180031 | All goods | 71.11% |
3 | 15180039 | All goods | 26.67% |
4 | 15180040 | All goods | 71.11% |
5 | 18061000 | All goods | 26.67% |
6 | 18062000 | All goods | 26.67% |
7 | 18063100 | All goods | 24.00% |
8 | 19011010 | All goods | 24.00% |
9 | 19011090 | All goods | 24.00% |
10 | 19012000 | All goods | 24.00% |
11 | 19021900 | All goods | 24.00% |
12 | 19041010 | All goods | 24.00% |
13 | 19041020 | All goods | 24.00% |
14 | 19041030 | All goods | 24.00% |
15 | 19041090 | All goods | 24.00% |
16 | 19059010 | All goods | 26.67% |
17 | 19059020 |
Indian customs notifications are official announcements issued by the Central Board of Indirect Taxes and Customs (CBIC) to communicate updates in customs laws, duty rates, procedural changes, exemptions, and policy revisions. They are important for importers, exporters, and logistics professionals to stay compliant with current regulations and avoid penalties or clearance delays. Custom notifications can affect business operations by changing duty structures, documentation requirements, valuation norms, or trade facilitation guidelines. Staying updated helps companies adjust their pricing, planning, and compliance practices. Ignoring these notifications may result in fines, incorrect duty payments, or disrupted customs clearance. Indian custom notifications are released as and when regulatory changes, budget announcements, or policy amendments occur. Notifications may be issued periodically or in response to urgent requirements, including tariff updates, procedure modifications, or global trade developments affecting import-export compliance. The most authoritative source for the latest Indian customs notifications is the official CBIC website. Additionally, Seair Exim Solutions curates these notifications and provides summaries and explanations within its trade intelligence platform to help users quickly understand key changes relevant to their business. When new custom notifications are released, businesses should assess the impact on duty rates, compliance requirements, and documentation processes. Consulting with tax professionals or using trade intelligence tools as we do ensures accurate interpretation and timely implementation of changes in customs procedures.
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