https://www.taxtmi.com/article/detailed?id=15844 Clause 136 of the Finance Bill, 2026 institutes phased amendments to the First Schedule of the Customs Tariff Act, 1975 through multiple amendment schedules: the Second Schedule effects immediate tariff rationalisation on enactment, the Third Schedule revises duty rates from 1 April 2026, and the Fourth and Fifth Schedules introduce further entries and rate changes from 1 May 2026. The scheme relies on Harmonised System classification principles and aims to balance urgent policy responses, fiscal-year alignment, and extended transition for industry adjustment. en-us Mon, 09 Feb 2026 09:20:29 +0530 Mon, 09 Feb 2026 10:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15844 Clause 136 of the Finance Bill, 2026 institutes phased amendments to the First Schedule of the Customs Tariff Act, 1975 through multiple amendment schedules: the Second Schedule effects immediate tariff rationalisation on enactment, the Third Schedule revises duty rates from 1 April 2026, and the Fourth and Fifth Schedules introduce further entries and rate changes from 1 May 2026. The scheme relies on Harmonised System classification principles and aims to balance urgent policy responses, fiscal-year alignment, and extended transition for industry adjustment. Articles Customs - Import - Export - SEZ Mon, 09 Feb 2026 09:20:29 +0530 https://www.taxtmi.com/article/detailed?id=15844