11. Description of heading 9804 in the First Schedule is being amended to cover all dutiable items intended for personal use, imported by post or air and to prescribe a tariff rate of 35% for tariff items under the heading. However, the effective rate of duty for goods imported for personal use by post or air is being maintained at 10% in respect of imports which are exempted from any prohibition under the Foreign Trade (Development and Regulation) Act, 1992 through a notification. This would obviate the need for resorting to merit assessment of goods when they are imported by this mode and the value exceeds the limits prescribed under the FT(D & R) Act. Fourth Schedule of the and clause 57 (a)(i) of the Finance Bill, 2011 may be seen. Export Duty:  

12.1 The Second Schedule to the Customs Tariff Act is being recast so as to align the entries with the Harmonized System of Nomenclature (HSN) and introduce a new entry for de-oiled rice bran cake. Clause 57(b) read with the Sixth Schedule of the Finance Bill, 2011 may be referred to. The effective rates of export duty on all items other than iron ores lumps, fines and pellets; and de-oiled rice bran cake are being maintained through notification no. 27/2011-Customs dated 1st March, 2011.  

12.2 The export duty on iron ore lumps and fines has been enhanced from 15% and 5% respectively to a uniform rate of 20%. Full exemption from export duty has been provided to iron ore pellets.  

12.3 Export duty has been imposed at the rate of 10% on de-oiled rice bran cake with immediate effect.

Customs tariff on postal imports revised, reduced effective rate retained; export duties adjusted for iron ore and rice bran cake. Amendment to Heading 9804 revises the First Schedule to cover all dutiable items imported by post or air for personal use, prescribing a tariff label while maintaining a reduced effective duty via notification for items not prohibited under the Foreign Trade (Development and Regulation) Act, thereby avoiding merit assessment. The Second Schedule is recast to align with the Harmonized System and add de-oiled rice bran cake; export duties are adjusted-iron ore lumps and fines moved to a uniform higher rate, pellets exempt, and de-oiled rice bran cake newly subject to export duty.