Customs Act Amendments: New Tariff Entries, Duty Changes for Vehicles, and Exemptions for Textile and Semiconductor Industries
The Central Government has issued amendments to the customs duty regulations under the Customs Act, 1962, effective from April 26, 2001. Key changes include the omission of certain serial numbers and the introduction of new entries in the customs tariff table. Notable additions include reduced duties on metallurgical coke for pig iron or steel manufacturers, machinery for the textile industry, and parts for digital cameras and transmission apparatus. Adjustments have also been made to the duty rates for motor vehicles and motorcycles imported as Completely Built-up units. New lists of exempted items for the textile and semiconductor industries have been introduced.
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