AMENDMENTS TO THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975

A.

Increase in Tariff rate (to be effective from 24.07.2024) * [Clause [107(a)] of the Finance (No. 2) Bill, 2024 ] read with Third Schedule. *Will come into effect immediately through a declaration under the Provisional Collection of Taxes Act, 2023

Rate of Duty

S. No.

Heading, subheading, tariff item

Commodity

From

To

Plastics

1.

3920, 3921

Poly vinyl chloride (PVC) flex films (also known as PVC flex banners or PVC flex sheets)

{The currently applicable BCD on all other goods falling under heading 3920 and 3921 shall be maintained by suitable amendment in the relevant notification(s)}

10%

25%

Consumer goods

2.

6601 10 00

Garden umbrellas

20%

20% or Rs. 60 per piece, whichever is higher

Chemicals

3.

9802 00 00

Laboratory chemicals (Heading 9802 covers all chemicals, organic or inorganic, whether or not chemically defined, imported in packings not exceeding 500 gms or 500 millilitres and which can be identified with reference to the purity, markings or other features to show them to be meant for use solely as laboratory chemicals)

10%

150%

B.

Tariff rate changes (without change in effective rate of duty) to be effective from 01.10.2024 [Clause [107(b)] of the Finance (No. 2) Bill, 2024] Note: The currently applicable rate of Basic Customs Duty on these commodities shall be maintained by suitable amendment in the relevant notification(s).

Rate of Duty

S. No.

Heading, subheading tariff item

Commodity

From

To

1.

2008 19 20

Other roasted nuts and seeds, including such arecanuts

30%

150%

2.

2008 19 30

Other nuts, otherwise prepared or preserved, including such arecanuts

30%

150%

C

Amendment in tariff entries

Clause of the Finance (No. 2) Bill, 2024

1.

The First Schedule to the Customs Tariff Act, 1975 is also being amended to modify the tariff entries with effect from 1st October, 2024.

[107(b)] read with Fourth Schedule