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

AMENDMENTS

A.

Tariff rate changes for Basic Customs Duty [to be effective from 02.02.2021, unless otherwise specified] * [Clause [95 (i) ] of the Finance Bill, 2021]

Rate of Duty

S. No.

Heading, sub-heading tariff item

Commodity

From

To

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%

Electrical and Electronics Sector

4.

8414 30 00

Compressors equipment of a kind used in refrigerating

12.5%

15%

5.

8414 80 11

Compressors of a kind used in air-conditioning equipment

12.5%

15%

6.

8504 90 90

Printed Circuit Board Assembly [PCBA] of charger or adapter (All goods under this tariff item, other than above, will continue to attract the existing effective rate of BCD at 10%)

10%

15%

Parts of Automobiles

7.

7007

Safety glass, consisting of toughened (tempered) or laminated glass. (All goods under this heading, other than those used with motor vehicles, will continue to attract the existing effective rate of BCD at 10%)

10%

15%

8.

8512 90 00

Parts of Electrical lighting and signaling equipment, windscreen wipers, defrosters and demisters, of a kind used for cycles or motor vehicles

10%

15%

9.

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

1.

8414 40

Air compressors mounted on a wheeled chassis for towing

7.5%

15%

2.

8414 80 (except 8414 80 11)

Gas Compressors (other than of a kind used in air- conditioning equipment), free-piston generators for gas turbine, turbo charger and other compressors

7.5%

15%

3.

8501 10 to 8501 53

Electric Motors

10%

15%

4.

8536 41 00 and 8536 49 00

Relays

10%

15%

5.

8537

Boards, panels, consoles, etc. for electric control or distribution of electricity

10%

15%

6.

9031 80 00

Other instruments, appliances and machines

7.5%

15%

7.

9032 89

Electronic automatic regulators and other controlling instruments or apparatus

10%

15%

C.

New entries added to the First Schedule [Clause 95 (ii) and 95 (iii) of the Finance Bill, 2021]

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.

2.

New tariff lines under the heading 2709 in the Customs Tariff Act, 1975#:

2709 00 10 -- petroleum crude

2709 00 20 -- other