Tariff classification revisions impose revised duty treatment across numerous HS headings and product categories. The Fifth Schedule to the Finance Bill, 2011 makes comprehensive amendments to the First Schedule of the Customs Tariff Act by substituting, inserting and omitting tariff headings, sub-headings and tariff items across many chapters; it revises product descriptions, adds and rewords sub-heading notes and definitions (including a definition of biodiesel and a water pipe tobacco sub-heading), and prescribes revised rates of duty and preferential columns for an extensive array of agricultural, aquatic, chemical, mineral, textile, electronic and consumer goods.
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Tariff classification revisions impose revised duty treatment across numerous HS headings and product categories.
The Fifth Schedule to the Finance Bill, 2011 makes comprehensive amendments to the First Schedule of the Customs Tariff Act by substituting, inserting and omitting tariff headings, sub-headings and tariff items across many chapters; it revises product descriptions, adds and rewords sub-heading notes and definitions (including a definition of biodiesel and a water pipe tobacco sub-heading), and prescribes revised rates of duty and preferential columns for an extensive array of agricultural, aquatic, chemical, mineral, textile, electronic and consumer goods.
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