Customs tariff amendment revises import duty rates and updates annexures, altering exemptions effective from 1 January 2007. The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, substitutes the existing tariff Table in notification No. 67/2006 with a comprehensive replacement specifying import duty rates for goods by chapter and specific tariff items applicable to countries listed in Appendices I and II, and makes extensive substitutions, omissions and insertions across Annexure I, Annexure II and Annexure III-replacing tariff item numbers, refining descriptive entries, omitting serial entries and inserting new entries-with the amendments to take effect from 1 January 2007.
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Customs tariff amendment revises import duty rates and updates annexures, altering exemptions effective from 1 January 2007.
The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, substitutes the existing tariff Table in notification No. 67/2006 with a comprehensive replacement specifying import duty rates for goods by chapter and specific tariff items applicable to countries listed in Appendices I and II, and makes extensive substitutions, omissions and insertions across Annexure I, Annexure II and Annexure III-replacing tariff item numbers, refining descriptive entries, omitting serial entries and inserting new entries-with the amendments to take effect from 1 January 2007.
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