Tariff item substitutions update Seventh Schedule entries by replacing specified tariff codes under the Finance Act. The Twelfth Schedule to the Finance Bill, 2016 amends the Seventh Schedule to the Finance Act, 2001 by substituting five specific tariff item codes in column (1) with newly specified tariff item codes, thereby updating the statutory tariff classification entries listed in that Schedule under the cross-reference to section 228 (i).
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Tariff item substitutions update Seventh Schedule entries by replacing specified tariff codes under the Finance Act.
The Twelfth Schedule to the Finance Bill, 2016 amends the Seventh Schedule to the Finance Act, 2001 by substituting five specific tariff item codes in column (1) with newly specified tariff item codes, thereby updating the statutory tariff classification entries listed in that Schedule under the cross-reference to section 228 (i).
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