9911796707
TMI BlogCustoms Tariff New HS Code Effective from January 1996X X X X Extracts X X X X X X X X Extracts X X X X ..... As you are aware, India is a party to the Harmonised System Convention and as part of the obligations under the same, the Indian Customs Tariff is aligned with the Harmonised System of Nomenclature. The said Nomenclature is updated periodically and concurrently the customs tariffs of the contracting parties also have to the updated suitably, by incorporating the HSN amendments into the customs tariffs, to take effect on a common date. The Third Schedule to the Finance Bill/ Act, 1995, contains only these amendments, to align our Import Tariff with the updated version of HSN. 3. Date of Effect: The present amendments to the HSN are the first set of major amendments and the designated date for implementing the same is the 1st of January, 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... toms Organisation is enclosed1 as Annexure I. The said publication is in the nature of an Explanatory Memorandum, furnishing short notes on almost all the amendments in each chapter of the Nomenclature. It also contains some very useful Annexures, listing out the Sub-headings deleted chapter- wise, sub-headings renumbered without any change of scope and sub-hendings whose code number is unchanged though their scope has been modified. Another such document received from the WCO is the Correlation Table, which correlated the 1996 version of the HS with its 1992 version and vice versa. A copy of the said Table is enclosed* as Annexure II. (b) In addition, the Board has divided these amendments into three major groups, from the point of view ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... familiarising all the officers of their respective formations. These courses by the Board's office could by conducted only by grouping two or three Customs Houses or Central Excise Commissionerates in one central place. The Custom Houses / CXE Commissionerates should be ready to depute their officers to these courses, likely to be held between the third week of November and second week of December, 1995, at even short notices. Exact details of these courses will be intimated shortly. 6. Consequential Changes in Rates of Duties: As already indicated, the purpose of these amendments is only to align the Indian Customs Tariff with the updated version of the HSN and there is no intention to revise the Tariff and or Effective rates of dutie ..... X X X X Extracts X X X X X X X X Extracts X X X X
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