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AMENDMENTS
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A.
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Tariff rate changes for Basic Customs Duty [to be effective from 02.02.2021, unless otherwise specified] * [Clause [95 (i) ] of the Finance Bill, 2021]
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Rate of Duty
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S. No.
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Heading, sub-heading tariff item
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Commodity
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From
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To
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Chemicals
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1.
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2803 00 10
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Carbon Black
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5%
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7.5%
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Plastic items
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2.
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3925
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Builder‟s ware of Plastics
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10%
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15%
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Gems and Jewellery Sector
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3.
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7104
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Cut and Polished Synthetic stones, including Cut and Polished Cubic Zirconia
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10%
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15%
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Electrical and Electronics Sector
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4.
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8414 30 00
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Compressors equipment of a kind used in refrigerating
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12.5%
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15%
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5.
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8414 80 11
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Compressors of a kind used in air-conditioning equipment
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12.5%
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15%
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6.
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8504 90 90
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Printed Circuit Board Assembly [PCBA] of charger or adapter (All goods under this tariff item, other than above, will continue to attract the existing effective rate of BCD at 10%)
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10%
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15%
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Parts of Automobiles
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7.
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7007
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Safety glass, consisting of toughened (tempered) or laminated glass. (All goods under this heading, other than those used with motor vehicles, will continue to attract the existing effective rate of BCD at 10%)
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10%
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15%
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8.
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8512 90 00
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Parts of Electrical lighting and signaling equipment, windscreen wipers, defrosters and demisters, of a kind used for cycles or motor vehicles
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10%
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15%
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9.
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8544 30 00
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Ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
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10%
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15%
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10.
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9104 00 00
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Instrument Panel Clocks and Clocks of a similar type for vehicles, Aircraft, Spacecraft or Vessels
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10%
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15%
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B.
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Tariff rate changes (without any change in the effective rates of Basic Customs Duty)
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Rate of Duty
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S. No.
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Heading, sub-heading tariff item
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Commodity
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From
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To
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1.
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8414 40
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Air compressors mounted on a wheeled chassis for towing
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7.5%
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15%
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2.
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8414 80 (except 8414 80 11)
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Gas Compressors (other than of a kind used in air- conditioning equipment), free-piston generators for gas turbine, turbo charger and other compressors
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7.5%
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15%
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3.
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8501 10 to 8501 53
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Electric Motors
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10%
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15%
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4.
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8536 41 00 and 8536 49 00
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Relays
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10%
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15%
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5.
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8537
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Boards, panels, consoles, etc. for electric control or distribution of electricity
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10%
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15%
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6.
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9031 80 00
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Other instruments, appliances and machines
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7.5%
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15%
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7.
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9032 89
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Electronic automatic regulators and other controlling instruments or apparatus
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10%
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15%
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C.
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New entries added to the First Schedule [Clause 95 (ii) and 95 (iii) of the Finance Bill, 2021]
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1.
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Harmonizing the Customs Tariff Act 1975 with the HSN 2022
a. Changes to the first schedule to the Customs Tariff Act are being proposed that are to come into effect from 01.01.2022. This is in accordance with HSN 2022, which proposes 351 amendments to the existing harmonized nomenclature, covering a wide range of goods moving across borders.
b. The amendments are necessary to adapt to the current trade through the recognition of new product streams, the changing nature of commodities being traded, advent of new technologies and addressing the environmental and social issues of global concern- all with a prime focus on the larger goal of ease of doing business and trade facilitation.
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2.
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New tariff lines under the heading 2709 in the Customs Tariff Act, 1975#:
2709 00 10 -- petroleum crude
2709 00 20 -- other
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