The Government of India vide Notification No. 65/2012- Customs, dated 31st December, 2012 with effect from 1st January, 2012 has increased the rate of custom duty to 8.75 % on hydraulic turbines, water wheels, turbo jets, etc. falling under chapter 8410 to 8412 of Custom Tariff. In case of tanks, and other armored fighting vehicles, motorized, whether or not fitted with weapons and parts of such vehicles falling under chapter 8710 the rate of custom duty has been increased to 10%.
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