Customs tariff amendments alter tariff lines and rates, enabling provisional immediate collection for specified tariff revisions. Clause 98 amends the First Schedule of the Customs Tariff Act to implement two sets of changes: the Second Schedule revises rates for specified tariff items and is declared immediately operative under the Provisional Collection of Taxes Act, 2023 to permit provisional collection; the Third Schedule harmonises entries with the Harmonised System of Nomenclature, creates new tariff lines for certain entries and revises rates for other specified tariff items, each change taking effect from its stated effective date.
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Customs tariff amendments alter tariff lines and rates, enabling provisional immediate collection for specified tariff revisions.
Clause 98 amends the First Schedule of the Customs Tariff Act to implement two sets of changes: the Second Schedule revises rates for specified tariff items and is declared immediately operative under the Provisional Collection of Taxes Act, 2023 to permit provisional collection; the Third Schedule harmonises entries with the Harmonised System of Nomenclature, creates new tariff lines for certain entries and revises rates for other specified tariff items, each change taking effect from its stated effective date.
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