Customs tariff change clarifies duty treatment of electrical energy from SEZs to domestic areas versus other goods. Amendments revise tariff entries for Chapter 2716, distinguishing electrical energy removed from a Special Economic Zone into the Domestic Tariff Area or non processing areas of a Special Economic Zone for a specified standard rate while treating all other goods under the chapter at a nil standard rate; a further insertion in the First Schedule specifies that all goods of Chapter 2716 are chargeable at a nil standard rate, thereby modifying the Schedules to the relevant Customs notifications and clarifying tariff treatment and classification.
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Customs tariff change clarifies duty treatment of electrical energy from SEZs to domestic areas versus other goods.
Amendments revise tariff entries for Chapter 2716, distinguishing electrical energy removed from a Special Economic Zone into the Domestic Tariff Area or non processing areas of a Special Economic Zone for a specified standard rate while treating all other goods under the chapter at a nil standard rate; a further insertion in the First Schedule specifies that all goods of Chapter 2716 are chargeable at a nil standard rate, thereby modifying the Schedules to the relevant Customs notifications and clarifying tariff treatment and classification.
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