Customs tariff amendment: Polystyrene classification imposes high ad valorem duty on ABS copolymers and a per tonne rate for others. The Central Government, invoking sub section (1) of section 25 of the Customs Act, 1962, substitutes the S. No. 03 entry in Notification No. 49/90 Cus to classify polystyrene and copolymers of styrene under the tariff heading for polystyrene; ABS and styrene acrylonitrile copolymers are subject to a 100% ad valorem duty, and other polystyrene varieties are subject to a specific duty calculated per tonne.
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Customs tariff amendment: Polystyrene classification imposes high ad valorem duty on ABS copolymers and a per tonne rate for others.
The Central Government, invoking sub section (1) of section 25 of the Customs Act, 1962, substitutes the S. No. 03 entry in Notification No. 49/90 Cus to classify polystyrene and copolymers of styrene under the tariff heading for polystyrene; ABS and styrene acrylonitrile copolymers are subject to a 100% ad valorem duty, and other polystyrene varieties are subject to a specific duty calculated per tonne.
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