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        <h1>CBIC Issues Guidance on HS-2022 Nomenclature Amendments; 351 Changes Impact Customs Tariff Act 1975. Effective Jan 1, 2022.</h1> The Central Board of Indirect Taxes & Customs (CBIC) issued a guidance note regarding the implementation of the new Harmonized System (HS) nomenclature, HS-2022, effective from January 1, 2022. This edition introduces 351 amendments at the six-digit level, affecting various goods. India has aligned its Customs Tariff Act 1975 with HS-2022 through changes in the Finance Act 2021. Stakeholders are urged to publicize these changes and conduct outreach activities. A guidance document on the correlation of customs tariffs is available on the CBIC website. For assistance, stakeholders can contact the Tariff Unit at CBIC.

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        ActsIncome Tax
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