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of <h1>Amendments to Customs Tariff Act: Clause 61 and 62 Tackle Standards, Retail Pricing, and Tariff Item Changes.</h1> Clause 61 of the Finance Act, 2010 proposes an amendment to section 3(2) of the Customs Tariff Act. It specifies that for imported articles, where similar articles are produced or not produced in India, the class or description of the imported article must comply with the Standards of Weights and Measures Act, 1976. The retail sale price must be declared, and the Central Government may allow abatements from this price. Clause 62 proposes amendments to the First Schedule of the Customs Tariff Act, specifically altering entries related to tariff items in Chapters 24 and 27.
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