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<h1>India Updates Customs Duty and IGST Rates for Imports, Effective May 1, 2023; Amends Notification No. 50/2017-Customs.</h1> The notification issued by the Ministry of Finance, Department of Revenue, amends the customs duty and IGST rates for goods imported into India. Effective from May 1, 2023, it aligns the Harmonized System (HS) Codes with the Finance Act, 2023. Amendments to Notification No. 50/2017-Customs include changes to specific serial numbers and entries in the customs tariff table, such as substituting entries for S. No. 226, 451A, and 515A. This update is part of ongoing efforts to adjust customs regulations in the public interest.