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of <h1>India-UAE CEPA: Customs Notification No. 40/2024 Updates Tariff Rates for Goods under Customs Act, 1962.</h1> The Central Government has issued Notification No. 40/2024-Customs to amend Notification No. 22/2022-Customs, dated April 30, 2022, under the Customs Act, 1962. This amendment, deemed necessary in the public interest, pertains to the India-UAE Comprehensive Economic Partnership Agreement (CEPA). It updates tariff rates for specific goods listed in TABLE II, replacing serial numbers 59 to 69 and 72 to 73 with new entries. The changes specify updated tariff rates for various goods, reflecting adjustments in customs duties to implement the first tranche of the India-UAE CEPA.
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