Central Excise & Customs Tariffs amended from 1-1-2017

Both Central Excise Tariff Act, 1985 and Customs Tariff Act, 1975 have been amended with effect from 1-1-2017.

These changes, made by the Finance Act, 2016, were part of the Budget 2016 proposals and have been made consequent to the amendments made in the classification of many items in the Harmonised System of Nomenclature (HSN) by the World Customs Organisation (WCO).

On Central Excise side, Notification No. 37/2016-C.E., dated 31-12-2016, effective from 1-1-2017, has been issued to amend exemption notifications as a result of the above amendments in the Tariff. Notification Nos. 63 to 68/2016-Cus., all dated 31-12-2016 have been issued for making consequential changes in exemption notifications. Further, certain changes have also been made in Chapters 29, 38, 44, 55 and 94 of First Schedule by Notification No. 150/2016-Cus. (N.T.), dated 31-12-2016 which are also effective from 1st of January, 2017.