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Home Acts & Rules Bill Bills FINANCE BILL, 2017 Chapters List Notes Notes Notes on clauses This
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Notes-03 - Notes on clauses-Customs Tariff - FINANCE BILL, 2017

FINANCE BILL, 2017
Notes Notes
Notes on clauses
  • Contents

Customs Tariff

Clause 108 of the Bill seeks to amend clause (c) of sub-section (3) of section 9 of the Customs Tariff Act so as to withdraw the exemption to three categories of nonactionable subsidies specified therein, from the scope of antisubsidy investigations.

Clause 109 of the Bill seeks to amend the First Schedule to the Customs Tariff Act,––

(i) in the manner specified in the Second Schedule so as to revise tariff rates in respect of certain tariff items;

(ii) in the manner specified in the Third Schedule so as to harmonise certain entries with Harmonised System of Nomenclature and also to amend Chapter 98.

Clause 110 of the Bill seeks to amend the Second Schedule to the Customs Tariff Act in the manner specified in the Fourth Schedule so as to fix a tariff rate of export duty of 30% in respect of tariff item 2606 00 90 relating to other aluminium ores and concentrates.

 
 
 
 
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