Seeks to amend Australia FTA notification to make changes in tariff preference given to Coking Coal and Raw Cotton arising out of Finance Act, 2023 - 38/2023 - Customs -Tariff
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Tariff preference adjustment: amendments change coal and cotton tariff classifications and their preferential treatments under customs notification. The central government amends Notification No. 62/2022-Customs by omitting S.No. 6 in Table II, substituting S.No. 7 with HS code 27011210 designated as 'All goods', and inserting HS codes 27011290 and 27011910 with their respective treatments; Table IV S.No.1 is revised to list HS codes 52010024 and 52010025 described as 'Cotton of minimum 28 mm staple length.' These changes adjust tariff classifications and associated preferential treatment pursuant to statutory authority.
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Tariff preference adjustment: amendments change coal and cotton tariff classifications and their preferential treatments under customs notification.
The central government amends Notification No. 62/2022-Customs by omitting S.No. 6 in Table II, substituting S.No. 7 with HS code 27011210 designated as "All goods", and inserting HS codes 27011290 and 27011910 with their respective treatments; Table IV S.No.1 is revised to list HS codes 52010024 and 52010025 described as "Cotton of minimum 28 mm staple length." These changes adjust tariff classifications and associated preferential treatment pursuant to statutory authority.
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