https://www.taxtmi.com/acts?id=10086 The Finance Act, 2005 amends the First Schedule to the Customs Tariff Act by substituting new entries for column (4) (and where specified column (5)) across numerous chapters. The primary measure is substitution of a standard ad valorem duty of 15% for most tariff items, with targeted exceptions assigning alternate ad valorem rates, specific duties, combined rules of "15% or [specific amount] per unit/weight/area, whichever is higher", and explicit "Free" classifications. Part II replaces Chapter 22 heading 2208 entries with detailed sub-headings for spirits and assigns specified duty entries; it also inserts and revises numerous chemical tariff items in Chapters 28-29 and others with operative duty entries. en-us Wed, 22 Oct 2008 13:50:25 +0530 Thu, 23 Oct 2008 17:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10086 The Finance Act, 2005 amends the First Schedule to the Customs Tariff Act by substituting new entries for column (4) (and where specified column (5)) across numerous chapters. The primary measure is substitution of a standard ad valorem duty of 15% for most tariff items, with targeted exceptions assigning alternate ad valorem rates, specific duties, combined rules of "15% or [specific amount] per unit/weight/area, whichever is higher", and explicit "Free" classifications. Part II replaces Chapter 22 heading 2208 entries with detailed sub-headings for spirits and assigns specified duty entries; it also inserts and revises numerous chemical tariff items in Chapters 28-29 and others with operative duty entries. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 13:50:25 +0530 https://www.taxtmi.com/acts?id=10086