Customs tariff amendments replace numerous tariff entries, updating ad valorem and specific duty rates across multiple chapters. The Second Schedule to the Finance Act, 1986 amends the First Schedule to the Customs Tariff Act by substituting, omitting and updating column entries for specified sub headings in Chapters 9, 28, 29, 39, 48, 84, 85 and 89. The amendments replace existing tariff entries with revised duty rates, comprising ad valorem rates, specific duties per unit or combined ad valorem plus specific charges, with extensive grouped substitutions in Chapters 84 and 85 and targeted mixed duty replacements in other chapters.
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Customs tariff amendments replace numerous tariff entries, updating ad valorem and specific duty rates across multiple chapters.
The Second Schedule to the Finance Act, 1986 amends the First Schedule to the Customs Tariff Act by substituting, omitting and updating column entries for specified sub headings in Chapters 9, 28, 29, 39, 48, 84, 85 and 89. The amendments replace existing tariff entries with revised duty rates, comprising ad valorem rates, specific duties per unit or combined ad valorem plus specific charges, with extensive grouped substitutions in Chapters 84 and 85 and targeted mixed duty replacements in other chapters.
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