Tariff Amendments: Extensive reclassification and duty changes across Customs Tariff Act headings, notes and definitions. The Third Schedule to the Finance Act, 1995 systematically amends the First Schedule to the Customs Tariff Act by substituting, inserting, omitting and ... Summary
Tariff Amendments: Extensive reclassification and duty changes across Customs Tariff Act headings, notes and definitions.
The Third Schedule to the Finance Act, 1995 systematically amends the First Schedule to the Customs Tariff Act by substituting, inserting, omitting and renumbering numerous headings, subheadings and notes; it revises descriptive entries for a wide range of goods, inserts sector specific definitions (e.g., butter, dairy spreads, modified immunological products, suit), clarifies classification rules and precedence, and replaces tariff lines with new heading/subheading structures and duty entries across agricultural, chemical, textile, metal, machinery and electronics chapters.
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