Question

The rates of customs duty for imports alongside the classification are laid down in the which schedule

Answer 1

Explanation:

import Rosie by Basic duty communities by the rate of customs Duty for imports alongside the classification are laid down in schedule

Answer 2

The rates are written down in Schedule 1.

• There are two schedules under The Customs Tariff Act of 1975.
• The schedules are namely - Schedule 1 and Schedule 2.
• The categorization and rate of tariffs for imports are provided in Schedule 1. Schedule-2, on the other hand, provided export duty classification and rates.
• Accordingly, imposed duty and collection shall be at the normal rate for any commodity for which a preferred revenue duty rate is indicated in the First Schedule or is admissible as a result of a notice under Section 25 of the Customs Act.
• This is true unless the owner of the item asserts at the time of importation that it is subject to a preferential rate of duty because it is produced in the preferential area.
• This is notified under subsection (3) and the item is determined to be such a produce in accordance with the rules established under subsection (2).

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