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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2016 Chapters List Chapter Notes Notes on clauses This

Notes-03 - Notes on clauses-Customs Tariff - FINANCE BILL, 2016

FINANCE BILL, 2016
Chapter Notes
Notes on clauses
  • Contents

Customs Tariff

Clause 137 of the Bill seeks to omit section 8C of the Customs Tariff Act as the provision which was inserted for a period of ten years has lapsed.

Clause 138 seeks to amend the First Schedule to the Customs Tariff Act,––

(i) in the manner specified in the Third Schedule with a view to insert and amend certain entries and to enhance the rate of duty on certain items;

(ii) in the manner specified in the Fourth Schedule with a view to harmonise the same with Harmonised System of Nomenclature with effect from the 1st day of January, 2017

 
 
 
 

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