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of <h1>Finance Ministry Updates Customs Notifications to Align HS Codes with Finance Act 2024, Effective October 1, 2024.</h1> The notification from the Ministry of Finance, Department of Revenue, announces amendments to various customs notifications to align the Harmonized System (HS) Codes with the Finance Act, 2024, effective October 1, 2024. The amendments involve changes in the descriptions and tariff rates for specific goods across multiple notifications issued between 2005 and 2022. The adjustments include substitutions, omissions, and insertions of new serial numbers and entries in the respective tables of these notifications, affecting the classification and duty rates of various goods under the Customs Act, 1962.
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