Clause 127 - Amendment of First Schedule. - FINANCE BILL, 2012

Amendment of First Schedule.

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

 

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Notes on Clauses:

Clause 127 of the Bill seeks to amend the First Schedule to the Customs Tariff Act in the manner specified in the Third Schedule so as to,-

        (a) align the classification of certain entries with that of revised ISRI code of classification;

       (b) incorporate changes in description of certain tariff items;

      (c) revise the rate of customs duty on certain tariff items; and

      (d) insert a Chapter Note relating to classification of certain tariff items.