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57. Amendment of First Schedule and Second Schedule. |
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In the Customs Tariff Act,
(a) the First Schedule shall,
(i) be amended in the manner specified in the Fourth Schedule;
(ii) also be amended in the manner specified in the Fifth Schedule with effect from the 1st day of January, 2012;
(b) the Second Schedule shall be amended in the manner specified in the Sixth Schedule.
Clause 57 of the Bill seeks to amend the First Schedule and the Second Schedule to the Customs Tariff Act.
Item (i) of sub-clause (a) of said clause 57 seeks to amend the First Schedule in the manner provided in the Fourth Schedule so as to substitute the description against the heading 9804 to cover all dutiable articles, intended for personal use, imported by post or air and to prescribe a rate of 35 per cent. against tariff items 9804 10 00 and 9804 90 00 of Chapter 98.
Item (ii) of sub-clause (a) of said clause 57 seeks to amend the First Schedule in the manner specified in the Fifth Schedule so as to incorporate the amendments approved by the Customs Co-operation Council (World Customs Organisation) in the legal text of the International Convention on the Harmonised Commodity Description and Harmonised Coding System to align the said Schedule with the Harmonised System of Nomenclature with effect from 1st day of January, 2012.
Sub-clause (b) of said clause 57 seeks to substitute the Second Schedule to the Customs Tariff Act in the manner specified in the Sixth Schedule to align it with the Harmonised System of Nomenclature.
It is proposed to give reference of Chapter, heading, sub-heading and tariff item in the proposed new Second Schedule and to insert,
(a) a new entry relating to de-oiled rice bran oil cake with a rate of duty of fifteen per cent., and
(b) to provide for enhanced tariff rate in respect of iron ore (Agglomerated and Non-Agglomerated) of thirty per cent.
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