Customs tariff rationalisation revises duty rates across multiple goods, including free entries, concessional rates, and specific per-unit duties. The Fifth Schedule to the Finance Act, 2026 amends the First Schedule to the Customs Tariff Act by substituting revised rates of customs duty across multiple tariff items and headings. The changes affect goods in several chapters, including fish and other animal products, edible and vegetable products, mineral and chemical products, plastic and paper goods, textiles, metals, machinery, and specified industrial inputs, with some entries revised to Free, some to concessional percentage rates, and others to specific per-unit duties.
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Provisions expressly mentioned in the judgment/order text.
Customs tariff rationalisation revises duty rates across multiple goods, including free entries, concessional rates, and specific per-unit duties.
The Fifth Schedule to the Finance Act, 2026 amends the First Schedule to the Customs Tariff Act by substituting revised rates of customs duty across multiple tariff items and headings. The changes affect goods in several chapters, including fish and other animal products, edible and vegetable products, mineral and chemical products, plastic and paper goods, textiles, metals, machinery, and specified industrial inputs, with some entries revised to Free, some to concessional percentage rates, and others to specific per-unit duties.
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