Customs tariff classification changes require import/export declarations to use updated CTHs and may need reassessment or amendment. Finance Act, 2023 revised the Customs Tariff effective 01.05.2023 and the Customs system has been updated accordingly. All Bills of Entry and Shipping Bills must be filed with the post-amendment CTHs; advance or pending BEs filed before the effective date must be recalled and reassessed where CTHs or notifications are affected, and shipping bills tied to export benefits may need amendment. Stakeholders should verify notification applicability and Obtain necessary NOC/clearance from Partner Government Agencies before filing and report any difficulties to the designated contact.
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Provisions expressly mentioned in the judgment/order text.
Customs tariff classification changes require import/export declarations to use updated CTHs and may need reassessment or amendment.
Finance Act, 2023 revised the Customs Tariff effective 01.05.2023 and the Customs system has been updated accordingly. All Bills of Entry and Shipping Bills must be filed with the post-amendment CTHs; advance or pending BEs filed before the effective date must be recalled and reassessed where CTHs or notifications are affected, and shipping bills tied to export benefits may need amendment. Stakeholders should verify notification applicability and Obtain necessary NOC/clearance from Partner Government Agencies before filing and report any difficulties to the designated contact.
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