Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Grains, oilseeds
Date
01/02/2018
Policy Category
Trade
Policy Instrument
Import policy
Description
Modified the country\'s general import levies, adding a Social Welfare Surcharge of 10 percent to the basic customs duty; the surcharge also applies to food and processed food imports.
Notes
The Government modified its general levies charges on all imports as follows: the 2% Education Cess and the 1% Secondary and Higher Education Cess were abolished and replaced with a Social Welfare Surcharge of 10 percent of the basic customs duty charged on imports, including purchases of food and processed food products. The new levy has entered into effect on 2 February 2018.
