Tariff classification changes update: iron ore categories redefined, printed paper classification clarified and metal scrap codes revised. The Finance Act, 2012 amends the First Schedule to the Customs Tariff Act by substituting and inserting tariff item entries and notes that revise dimensional descriptions, subdivide iron ore categories by Fe content with corresponding tariff item codes and duty entries, clarify classification of printed paper intended for further printing or writing, substitute expanded ISRI code-word descriptions for various metal scrap and articles, and replace specified duty-rate entries in Chapter 87.
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Tariff classification changes update: iron ore categories redefined, printed paper classification clarified and metal scrap codes revised.
The Finance Act, 2012 amends the First Schedule to the Customs Tariff Act by substituting and inserting tariff item entries and notes that revise dimensional descriptions, subdivide iron ore categories by Fe content with corresponding tariff item codes and duty entries, clarify classification of printed paper intended for further printing or writing, substitute expanded ISRI code-word descriptions for various metal scrap and articles, and replace specified duty-rate entries in Chapter 87.
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