AMENDMENTS TO THE CUSTOMS TARIFF ACT, 1975

S.No.

Amendment to section

Clause of the Finance Bill, 2025

1.

The First Schedule to the Customs Tariff Act, 1975 is proposed to be amended to, -

a) reduce the tariff rate from 25%, 30%, 35%,40% to 20%

b) reduce the tariff rate from 150%, 125%,100% to 70%

c) reduce the tariff rate on certain items

d) tariffise effective rates in the Schedule

e) create new tariff items based on process (parboiled, others) and on variety (rice recognized by Geographical Identification Registry, basmati, others) under sub-heading 1006 30

f) create new tariff items under ‘Makhana’ products (popped, flour and powder, others) and consequent re-numbering of existing entries under sub-heading 2008 19

g) create new tariff items to separately identify waste oils containing different levels of concentration of levels of polychlorinated biphenyls (PCBs), polychlorinated terphenyls (PCTs) or polybrominated biphenyls (PBBs) under sub-heading 2710 91

h) create new tariff items for identification of certain dual-use chemical for non-pesticidal use in chapter 28

i) create new tariff items and supplementary notes for identification of certain dual-use chemical for non-pesticidal use and certain goods covered by International Conventions in chapter 29

j) create new tariff items and supplementary notes for identification of certain technical-grade pesticides and certain goods covered by International Conventions in chapter 38

k) create new tariff lines to distinguish precious metals – containing 99.9% or more by weight of silver, containing 99.5% or more by weight of gold, containing 99% or more by weight of platinum under headings 7106, 7108 and 7110 respectively

l) changes in heading 8112 to align with WCO HS 2022

m) changes in sub-heading note 2 to chapter 85 to align with WCO HS 2022

[These changes will be effective from 1st May, 2025]

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