Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs duty rates in the First and Second Schedules set the binding levy rates under the Customs Act, clarifying tariff application.</h1> Section 2 of the Customs Tariff Act, 1975 prescribes that customs duties shall be levied at the rates listed in the Act's First and Second Schedules. The provision fixes the operative source of duty rates for import and export transactions by delegating rate specification to those Schedules, thereby making the tariff entries in the First and Second Schedules the binding measure for levy under the Customs Act, 1962. The legal effect is that assessment and collection of customs duties must follow the rates and descriptions set out in those Schedules.
TaxTMI 
TaxTMI 
