https://www.taxtmi.com/article/detailed?id=16264 The Finance Bill 2026 proposes to tarrify approximately 54 Customs Tariff Headings by incorporating the effective basic customs duty rates directly into the First Schedule to the Customs Tariff Act 1975 from 1 May 2026. The exercise is rate-neutral but displaces exemption notifications and shifts future disputes from exemption eligibility to Tariff Heading classification. Pre-1 May 2026 imports continue under the earlier regime, including pending assessments, refund claims, and provisional assessments, while Social Welfare Surcharge may require verification after the consequential amendments. en-us Fri, 24 Apr 2026 09:43:04 +0530 Fri, 24 Apr 2026 09:43:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16264 The Finance Bill 2026 proposes to tarrify approximately 54 Customs Tariff Headings by incorporating the effective basic customs duty rates directly into the First Schedule to the Customs Tariff Act 1975 from 1 May 2026. The exercise is rate-neutral but displaces exemption notifications and shifts future disputes from exemption eligibility to Tariff Heading classification. Pre-1 May 2026 imports continue under the earlier regime, including pending assessments, refund claims, and provisional assessments, while Social Welfare Surcharge may require verification after the consequential amendments. Articles Customs - Import - Export - SEZ Fri, 24 Apr 2026 09:43:04 +0530 https://www.taxtmi.com/article/detailed?id=16264