TMI BlogAMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975X X X X Extracts X X X X X X X X Extracts X X X X ..... Chemicals 1. 2803 00 10 Carbon Black 5% 7.5% Plastic items 2. 3925 Builder‟s ware of Plastics 10% 15% Gems and Jewellery Sector 3. 7104 Cut and Polished Synthetic stones, including Cut and Polished Cubic Zirconia 10% 15% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8544 30 00 Ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships 10% 15% 10. 9104 00 00 Instrument Panel Clocks and Clocks of a similar type for vehicles, Aircraft, Spacecraft or Vessels 10% 15% B. Tariff rate changes (without any change in the effective rates of Basic Customs Duty) Rate of Duty S. No. Heading, sub-heading tariff item Commodity From To ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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