CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India
Tel : +91 22 22021288 Website : www.//chemexcil.in
EPC/LIC/CBIC 02/01/2019
ALL MEMBERS OF THE COUNCIL
CBIC
Deeper Import Tariff concessions in respect of specified goods imported w.e.f. 01/01/2019
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* From Malaysia under the India-Malaysia CECA
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* From Korea RP under IKCEPA
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* From ASEAN under the India-ASEAN Free Trade Agreement
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Dear Members,
Kindly note that CBIC has issued important notifications regarding deeper Tariff concessions on import of specified items from Malaysia, Korea RP and ASEAN under their respective FTA’s.
As far as chemicals are concerned, we understand that import duties are being cut on oleo-chemical inputs such as crude and refined palm oil effective 01/01/2019 to comply with preferential trade pacts with Southeast Asian nations. Accordingly, the import duty on crude palm oil, originating from Malaysia, Indonesia and other members of Association of South East Asian Nations (ASEAN) has been reduced.
The gist of the Customs notification is as follows:
Notifications
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84/2018-Cus,dt. 31-12-2018
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View
(157 KB)
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Seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2019.
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83/2018-Cus,dt. 31-12-2018
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View
(160 KB)
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Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2019.
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82/2018-Cus,dt. 31-12-2018
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View (1247 KB)
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Seeks to amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN under the India-ASEAN Free Trade Agreement w.e.f. 01.01.2019.
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As far as ASEAN FTA is concerned, the column (4) of the said Table reflects applicable duty when imported into India from a country listed in APPENDIX I; or column (5) of the said Table, when imported into the Republic of India from a country listed in APPENDIX II .
Appendix I
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S.No.
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Name of the Country
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1.
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Malaysia
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2.
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Singapore
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3.
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Thailand
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4.
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Vietnam
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5.
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Myanmar
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6.
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Indonesia
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7.
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Brunei Darussalam
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8.
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Lao People's Democratic Republic
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Appendix II
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S.No. |
Name of the Country
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1.
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Philippines
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Members importing from the above countries are requested to note these changes. The above-said notification is available for download using hyperlink provided therein.
In case of any issues, members may send their feed-back to the council on ed@chemexcil.gov.in and deepak.gupta@chemexcil.gov.in .
Thanking You,
Yours faithfully,
S.G. Bharadi
Executive Director
Chemexcil
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