Notes 04 - Notes on clauses - Customs Tariff - Finance Bill, 2013

Customs Tariff Clause 76 of the Bill seeks to amend the First Schedule to the Customs Tariff Act in the manner specified in the Third Schedule so as to, (a) incorporate changes in description of goods; (b) to omit entries relating to certain tariff items; (c) to revise the rate of customs duty on certain tariff items; (d) omit a chapter note relating to classification of certain tariff items; and (e) to insert a supplementary note after Sub-heading Note relating to certain tariff items. Clause 77 of the Bill seeks to amend the Second Schedule to the Customs Tariff Act in the manner specified in the Fourth Schedule. Sub-clause (a) thereof seeks to substitute the entry under column (2) against Sl. No. 43 with retrospective effect with effect from the first day of March, 2011. Sub-clause (b) seeks to insert new entries 9A, 23A, 23B, 24A and 24B.