https://www.taxtmi.com/article/detailed?id=6390 The notification amends the exemption table for chapter 72 by substituting entries and inserting two new serial numbers, reallocating specified chapter sub headings into new entries with higher basic customs duty rates and creating layered exceptions. These substitutions shift products from previously lower rated entries into newly created entries with increased duty, generate overlaps and gaps for certain sub headings that invite differing classification choices, and produce legal and compliance risks due to the convoluted mechanism used rather than an explicit statement of revised rates. en-us Tue, 18 Aug 2015 06:46:06 +0530 Tue, 18 Aug 2015 06:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6390 The notification amends the exemption table for chapter 72 by substituting entries and inserting two new serial numbers, reallocating specified chapter sub headings into new entries with higher basic customs duty rates and creating layered exceptions. These substitutions shift products from previously lower rated entries into newly created entries with increased duty, generate overlaps and gaps for certain sub headings that invite differing classification choices, and produce legal and compliance risks due to the convoluted mechanism used rather than an explicit statement of revised rates. Articles Central Excise Tue, 18 Aug 2015 06:46:06 +0530 https://www.taxtmi.com/article/detailed?id=6390