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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE (No. 2) BILL, 2009 Chapters List Chapter IV INDIRECT TAXES This

Clause 102 - Amendment of First Schedule. - FINANCE (No. 2) BILL, 2009

FINANCE (No. 2) BILL, 2009
Chapter IV
INDIRECT TAXES
  • Contents

Amendment of First Schedule.

102. The First Schedule to the Customs Tariff Act shall be amended in the manner as specified in the Third Schedule.

 



 

Notes on Clauses:

Clause 102 of the Bill seeks to amend Para (A) of Note 2 of SECTION XI of First Schedule to the Customs Tariff Act to provide that in respect of goods classifiable in chapters 50 to 55 or heading 5809 or 5902 and of a mixture of a two or more textile materials, the same shall be classified as if consisting wholly of that one textile material which predominates by weight over any other single textile material. But, when no one textile material predominates by weight, the goods are to be classified as if consisting wholly of that one textile material which is covered by the heading which occurs last in numerical order among those which equally merit consideration.

 
 
 
 

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