CBIC amends Customs Tariff Act to prescribe Export Duty on Onions:

CBIC amends Customs Tariff Act to prescribe Export Duty on Onions The Central Board of Indirect Taxes and Customs(CBIC) has made amendment to Second Schedule to the Customs Tariff Act to prescribe export duty on onions via issuing Notification. The Notification Stated as, "Whereas, the Central Government is satisfied that export duty should be levied on certain articles and that circumstances exist which render it necessary to take immediate action. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 8 of the Customs Tariff Act, 1975 (51 of 1975)(hereinafter referred to as the Customs Tariff Act), the Central Government, hereby directs that the Second Schedule to the Customs Tariff Act shall be amended in the following manner." In the Second Schedule to the Customs Tariff Act, SL No. 1 shall be re-numbered as SL No. 1A, and before SL No. 1A as so re-numbered, the following serial number and entries shall be inserted, namely: - For Official Notification Download PDF Given Below: