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Customs Notifications Updated: Finance Act 2025 Revises Tariff Codes for Chemical and Industrial Substances
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....The notification amends various Customs Notifications to align with changes in the Finance Act, 2025, primarily focusing on modifying tariff code entries across multiple notifications. The amendments involve updating specific Harmonized System (HS) codes for various chemical and industrial substances across multiple serial numbers in different notifications. The modifications aim to refine and update customs classification and potentially adjust applicable duty rates. The notification will come into effect on 1st May, 2025, ensuring precise alignment with the latest fiscal regulations and tariff classifications.....