Increase in customs duties on specified chemicals raises import tariffs for listed substances under customs authority. Amendment to Notification No. 136/86 Cus under sub section (1) of section 25 of the Customs Act inserts and substitutes tariff entries to reclassify specified chemicals and increase basic customs duties: new entries prescribe higher ad valorem rates for Sodium formaldehyde sulphoxylate and Sodium ferrocyanide; antibiotics/precursors (TIOC/erythromycin thiocyanate and 6 APA) receive a combined ad valorem and specific duty; Sorbitol and Formic Acid are explicitly specified; ether derivatives and acetate variants of several glycols are listed with increased ad valorem duties; and Chapter 35 goods are reassigned a revised ad valorem rate.
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Increase in customs duties on specified chemicals raises import tariffs for listed substances under customs authority.
Amendment to Notification No. 136/86 Cus under sub section (1) of section 25 of the Customs Act inserts and substitutes tariff entries to reclassify specified chemicals and increase basic customs duties: new entries prescribe higher ad valorem rates for Sodium formaldehyde sulphoxylate and Sodium ferrocyanide; antibiotics/precursors (TIOC/erythromycin thiocyanate and 6 APA) receive a combined ad valorem and specific duty; Sorbitol and Formic Acid are explicitly specified; ether derivatives and acetate variants of several glycols are listed with increased ad valorem duties; and Chapter 35 goods are reassigned a revised ad valorem rate.
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