Customs tariff amendment alters duty classification and imposes different ad valorem rates on optical and related parts. The Central Government amends a customs notification under the Customs Act, 1962 by omitting tariff figure 9026.90 from one entry, substituting a 60% ad valorem duty in that entry, and inserting a new entry 6A that applies tariff 9026.90 to all parts and accessories of optical, photographic, medical and surgical goods, excluding parts containing thermionic valves, transistors, similar semiconductor devices, light emitting diodes, or electronic micro-circuits, with a 40% ad valorem duty.
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Customs tariff amendment alters duty classification and imposes different ad valorem rates on optical and related parts.
The Central Government amends a customs notification under the Customs Act, 1962 by omitting tariff figure 9026.90 from one entry, substituting a 60% ad valorem duty in that entry, and inserting a new entry 6A that applies tariff 9026.90 to all parts and accessories of optical, photographic, medical and surgical goods, excluding parts containing thermionic valves, transistors, similar semiconductor devices, light emitting diodes, or electronic micro-circuits, with a 40% ad valorem duty.
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