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of <h1>Ministry of Finance Implements 373 Amendments to Customs Tariff Effective January 1, 2002, per HS Updates.</h1> The circular from the Ministry of Finance, Department of Revenue, outlines the implementation of amendments to the Harmonized Commodity Description and Coding System (HS) effective January 1, 2002. These amendments, adopted by the World Customs Organization, require India to update its national Customs Tariff as per the Finance Act, 2001. The changes include 373 amendments affecting various sectors such as agriculture, chemicals, and machinery, with new sub-headings for environmental and social concerns. A booklet detailing these amendments, including correlation tables and annexures, is provided for reference to ensure smooth implementation by Customs Officers.
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