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TaxTMI 
Question - What are the amendments proposed in the First schedule to the Customs Tariff Act ,1975 ?
AMENDMENT IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975
28 Feb 2015 
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Customs tariff amendments revise basic customs duty rates and sectoral exemptions, altering import duty treatment and provisional applicability.
Amendments revise basic customs duty rates and related levies across sectors-reducing BCD on bituminous coal and multiple chemical inputs, increasing tariff rates for iron and steel headings and specified motor vehicles while preserving existing effective duties in practice, and implementing targeted BCD reductions, nil rates or SAD/CVD exemptions for numerous electronics, renewable energy, health and automotive inputs-made effective immediately under provisional collection authority and subject in many cases to actual user conditions or certification. (AI Summary)
Amendments revise basic customs duty rates and related levies across sectors-reducing BCD on bituminous coal and multiple chemical inputs, increasing tariff rates for iron and steel headings and specified motor vehicles while preserving existing effective duties in practice, and implementing targeted BCD reductions, nil rates or SAD/CVD exemptions for numerous electronics, renewable energy, health and automotive inputs-made effective immediately under provisional collection authority and subject in many cases to actual user conditions or certification. (AI Summary)