India Amends Customs Notification: Changes in Tariff Classification and Duty Rates Effective From February 2021.
The Government of India has issued Notification No. 15/2021-Customs to amend Notification No. 82/2017-Customs, dated 27th October 2017. The amendments involve changes in the tariff classification and duty rates in the notification's table. Specifically, serial number 1 now includes "5002" in addition to "5003," serial number 2 changes the duty from "10%" to "15%," and serial number 5 adds "5202" to the existing list of figures. These amendments take effect from 2nd February 2021.
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