Goods classification determines tariff treatment and governs customs duty assessment under the Customs Tariff Act Goods classification under the Customs Tariff Act, 1975 assigns goods to specific tariff headings using the Harmonized System in the First Schedule, while ... Summary
Goods classification determines tariff treatment and governs customs duty assessment under the Customs Tariff Act
Goods classification under the Customs Tariff Act, 1975 assigns goods to specific tariff headings using the Harmonized System in the First Schedule, while the Second Schedule lists items chargeable to export duty; this classification mechanism determines whether duties (including nil duty) apply and fixes the applicable tariff rates under the Indian Customs Tariff.
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