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    <title>EXPLANATORY NOTES (CUSTOMS)-Budget 2007</title>
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    <description>Peak customs duty on non agricultural goods is reduced to 10% with exceptions; a new Secondary and Higher Education Cess of 1% is imposed in addition to the existing education cess and both cesses are computed excluding each other. Export duties are introduced on specified iron and chromium ores effective immediately. Chapter wise tariff changes lower ad valorem rates for broad categories, maintain higher rates for designated items, extend or withdraw concessional entries and exemptions, and amend notifications to implement the revised tariff structure.</description>
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      <pubDate>Wed, 03 Jan 2007 00:00:00 +0530</pubDate>
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