Amendment in SRO 565(I)/2006 dated 05-06-2006
Vide SRO565(I)2014 dated 26.06.2014, substantial changes have been made in SRO565(I)2006 dated 5th June 2006. Number of items eligible to concessionary rate of duty has been reduced to 59. The previous SRO covered more than 157 items. Treatment of each concession may be individually examined and queries, if any, may be raised. Main features of the SRO are as under:-
1- Powers of granting import authorization has been changed from Collector to Director IOCO.
2- Rates of duty has been generally increased by 5% with few exceptions.
3- Concessionary import of HRC and CRC steel sheet has been discontinued