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TMI BlogHS - 2002 changes effective from 1.1.2002 - implementation thereof. - RegX X X X Extracts X X X X X X X X Extracts X X X X ..... ountries to adopt it for customs tariff purposes w.e.f. 28 February, 1986. The Customs Co-operation Council (since re-named as World Customs Organization) is responsible for the administration and maintenance of the HS Convention and the Harmonised System of Nomenclature (HSN) appended to it. 2. In June, 1999, the Customs Co-operation Council had adopted certain amendments to HSN, which will enter into force on 1st January, 2002. As a signatory to the HS Convention, India is under obligation to implement the same by carrying out corresponding amendments in its national Customs Tariff. Therefore, these amendments were incorporated in the Third Schedule (Part I and Part II) of the Finance Act, 2001 and it was provided in Clause 119 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts have taken into account the environmental and social concerns besides the other factors such as technological advancements, changes in pattern of international trade, and the needs of the various users, etc. As many as 91 new sub-headings have been created for identification of certain specific categories of wastes, monitoring and control of certain live animals under CITES and narcotic drugs and psychotropic substances. Efforts have also been made to bring about clarity in certain existing texts. Some texts have also been amended to make them more consistent with scientific or customary terminology or with trade practice. 4. The amendments to the Customs Tariff as provided in the Third Schedule to the Finance Act, 2001, are slated t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (electrical machinery and equipment) and 90 (optical, cinematographic, photographic, measuring, checking and medical equipment). In Chapter 27, heading 27.10, dealing with crude petroleum oils has been split into 4 sub-headings and a separate sub-heading has been created for waste oils. In Chapter 38, a separate heading with 9 sub-headings has been created to cover residual products of the chemical or allied industries, municipal waste, sewage sludge and other wastes. In Chapter 40, which deals with rubber products, 6 sub-headings have been created to cover new pneumatic tyres of rubber of a kind used on agricultural or forestry vehicles, construction or industrial handling machines etc. In Chapter 41, 3 new headings with 10 sub-headings h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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