Economy, asked by AnshitaRana103, 1 year ago

Rates of custom duty for imports are laid down in which schedule

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Answered by aditya1529
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Answered by aqibkincsem
1

" All the goods are to be classified into the groups and the subgroups . The Customs Tariff Act, 1975 spoke about the good, and it also specified the rate of the duty. It contains 2schedules.

The schedule 1cintains the rates of custom duty. The schedule 1of the mentioned act classifies goods for the imports and also prescribes the rate of the import duties on the goods.

"

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