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        Bills

        SCHEDULE 03 - THE THIRD SCHEDULE

        Finance Bill, 2021
        Schedules Sch
        SCHEDULES

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        Customs tariff amendment replaces petroleum oils heading, prescribing standard ad valorem duty for crude and other petroleum oils. The First Schedule to the Customs Tariff Act is amended by substituting Chapter 27 heading 2709 entries to consolidate petroleum oils and oils obtained from bituminous minerals under heading 2709 00, dividing it into a petroleum crude sub-item and an other oils sub-item, and prescribing a standard ad valorem duty rate for both sub-items while leaving preferential treatment blank.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Customs tariff amendment replaces petroleum oils heading, prescribing standard ad valorem duty for crude and other petroleum oils.

                                The First Schedule to the Customs Tariff Act is amended by substituting Chapter 27 heading 2709 entries to consolidate petroleum oils and oils obtained from bituminous minerals under heading 2709 00, dividing it into a petroleum crude sub-item and an other oils sub-item, and prescribing a standard ad valorem duty rate for both sub-items while leaving preferential treatment blank.


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