Customs:
The amendments to the First Schedule of the Customs Tariff Act, 1975 as under:
- A new tariff item, 2207 10 12, has been added for “Spirits for industrial use” with a duty rate of 150%.
- The chapter heading for Chapter 98 has been updated to include “Project imports; laboratory chemicals; passengers’ baggage, personal importations by air or post; ship stores; actionable claims.”
- A new Note 8 has been inserted under Chapter 98, defining the terms “Online money gaming” and “specified actionable claim” with reference to the CGST Act, 2017.
- Tariff item 9807 has been introduced, covering various types of actionable claims involved in or by way of betting, casinos, gambling, horse racing, lottery, and online money gaming, with a Nil duty rate.
[Notification No. 72/2023-Customs (N.T.) dated 30th Sept 2023]
