Tariff amendment: new tobacco tariff items inserted with specified ad valorem duty and section reference updated. The Seventh Schedule to the Finance Act, 2001 is amended by replacing the cross-reference to section 138 with section 136 and by inserting two new tariff ... Summary
Tariff amendment: new tobacco tariff items inserted with specified ad valorem duty and section reference updated.
The Seventh Schedule to the Finance Act, 2001 is amended by replacing the cross-reference to section 138 with section 136 and by inserting two new tariff items under heading 2404-one for products "containing tobacco or reconstituted tobacco" and one for "other"-each chargeable to an ad valorem import duty of 25%, the new entries to take effect from the first day of January, 2022.
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