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

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....s 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 into effect from 1.1.96, as already notified by notification N....

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....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 technical changes to enable effective duty rates on the relevant items c....

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.... 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. 101/82-Cus. refers); and (c) Similarly, Oaknut Extract and Chestnut Extract now fall u....