Thursday, June 09, 2011

Proposed Reduction in Basic Customs Duty on Plastics

As a part of Non-Agriculture Market Access Negotiations (NAMA), WTO members (which includes India), have agreed to reduce bound tariffs based on a non - linear Swiss Formula. What this in effect meanss is that India cannot raise the Basic Customs Duty in most plastic items beyond 13.

For more details on Proposed Reduction in Basic Customs Duty on Plastics click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: