The CBIC vide Notification No. 63/2022-Customs, dated December 26, 2022 has issued amendments to its earlier Notification No. 46/2011-Customs dated June 1, 2011 (“NN. 46”), which provided duty concessions to the Philippines and other Association of Southeast Asian Nations (“ASEAN”) countries in view of ASEAN-India Free Trade Area (“AIFTA”), so as to notify the applicable concessional rate of certain goods when imported into the Republic of India from Philippines, w.e.f. January 1, 2023, in a following manner:
|
S. No. |
Chapter, Heading, Subheading and Tariff item | Description | Rate (in percentage unless otherwise specified) |
Revised Rate (in percentage) |
| 80 | 090111 | All Goods | 48.0 |
45.0 |
|
81 |
090240 | All Goods | 48.0 | 45.0 |
| 83 | 090411 | All Goods | 51.0 |
50.0 |
|
124 |
151110 | All Goods | 41.0 | 37.5 |
| 125 | 151190 | All Goods | 51.0 |
45.0 |
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009586/ENG/Notifications