Customs tariff amendments revise nomenclature, definitions and sub-heading duties across numerous chapters, adjusting classification and duty rates. The Third Schedule to the Finance Act, 2001 amends the First Schedule to the Customs Tariff Act by substituting, inserting and omitting words, clauses, headings, sub-headings, notes and entries across numerous Chapters. It adds and redefines sub heading notes and explanatory notes to set classification criteria and measurement conventions, restructures headings and sub-headings for many product groups, and updates Part II with revised descriptive tariff lines and duty rates, thereby refining classification, precedence and tariff treatment throughout the nomenclature.
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Customs tariff amendments revise nomenclature, definitions and sub-heading duties across numerous chapters, adjusting classification and duty rates.
The Third Schedule to the Finance Act, 2001 amends the First Schedule to the Customs Tariff Act by substituting, inserting and omitting words, clauses, headings, sub-headings, notes and entries across numerous Chapters. It adds and redefines sub heading notes and explanatory notes to set classification criteria and measurement conventions, restructures headings and sub-headings for many product groups, and updates Part II with revised descriptive tariff lines and duty rates, thereby refining classification, precedence and tariff treatment throughout the nomenclature.
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