Customs Notification Amends Tariff Codes to Align with HSN 2022, Affecting Goods Classifications and Duty Rates.

The notification amends Notification No. 50/2017-Customs to align with the Harmonized System of Nomenclature (HSN) 2022, effective January 1, 2022. Issued by the Ministry of Finance, it modifies various serial numbers and entries in the customs tariff table, impacting goods classifications and duty rates. The amendments include changes in tariff codes for a range of goods, such as food items, chemicals, electronics, and aircraft parts. This update aims to ensure consistency with international standards and facilitate trade by updating the classification of goods under the customs tariff.

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