HSN 1996- Amendment to the First Schedule to the Customs Tariff Act, 1975- Implementation

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....s Tariff Act, 1975- Implementation The undersigned is directed to refer to the Board's instructions contained in its earlier Circular No. 116/95- Customs, dated 16.11.95. As already stated therein, the First Schedule to the Customs Tariff Act undergoes various changes effected through the proposals contained in the Third Schedule (Parts I & II) to the Finance Act, 1995. The changes come int....

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.... to various existing exemption notifications, or where necessary by issue of fresh notifications also. Three notifications, No 173/ 95-Cus., No. 174/95-Cus., and No. 175/95-Cus.. have been issued in this regard, all dated 29.12.95., copies of which are enclosed1 herewith. The amendments may kindly be scrutinised carefully and implemented with effect from 1.1.1996. 3. These Notification make tec....

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....ssifiable under Hg. 2007.99, wherein there is no Preferential Rate of Duty in column 5 of the First Schedule to the Customs Tariff Act, 1975. But with effect from 1.1.96, these will fall under Hg. 07.14 which carries a Preferential Rate of 10%, duty, when imported from Mauritius, Seychelles, and Tonga, the Preferential areas notified under section 4 of the Customs Tariff Act (Notification No. 101/....