customs: LPG shipments to attract customs responsibility of 15% & farm cess of equal quantity

Nevertheless, the essential customs responsibility hike won’t be relevant to imports of liquefied propane, liquefied butane and combination of liquefied propane and liquefied butane by Indian Oil Company Ltd, Hindustan Petroleum Company Ltd and Bharat Petroleum Company Ltd for provide to family home customers, a Central Board of Oblique Taxes and Customs notification stated.

Primary customs responsibility might be nil for import of home LPG bought to family customers by state-owned oil advertising and marketing corporations. The customs responsibility charge might be 15% for different importers of home LPG.

The brand new charges might be efficient from July 1.

Officers stated the transfer will shield home customers and on the identical time cut back import payments.

India is brief on manufacturing of cooking fuel or LPG and depends on imports from nations equivalent to Saudi Arabia.