Clause 102 - Amendment of Second Schedule - FINANCE BILL, 2018

102. Amendment of Second Schedule.

In the Customs Tariff Act,––

(a) in the Second Schedule, after Note 3, the following Note shall be inserted, namely:––

“4. In respect of all other goods which are not covered under column (2) of this Schedule, the rate of duty shall be ‘Nil’.’;

(b) the Second Schedule shall be amended in the manner specified in the Fourth Schedule.

 

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Notes on Clauses:

Clause 102 of the Bill seeks to amend the Second Schedule to the Customs Tariff Act,-

(a) to insert a new Note 4 therein, to specify Nil rate of duty in respect of other goods which are not covered in column (2) of the Schedule.

(b) in the manner specified in the Fourth Schedule so as to impose export duty on Electrodes of a kind used for furnaces.