Customs duty schedule updated: specified ferrous goods assigned ad valorem duties and basmati rice given a per tonne duty. The amendment substitutes the Second Schedule entry for heading No. 12 and inserts new headings classifying a range of ferrous goods and basmati rice, ... Summary
Customs duty schedule updated: specified ferrous goods assigned ad valorem duties and basmati rice given a per tonne duty.
The amendment substitutes the Second Schedule entry for heading No. 12 and inserts new headings classifying a range of ferrous goods and basmati rice, prescribing a uniform 20% ad valorem duty for the listed ferrous items and a specified per tonne duty for basmati rice, thereby altering tariff classifications and the basis for customs duty assessment.
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