PWC may go Arthur Anderson way in India if Satyam's investors decide to sue PWC-employees of PWC and Satyam float their CVs AED or SAED levied on motor spirit and high speed diesel under the respective sections of the Finance Acts and NCCD on goods leviable to it, are not required to be paid for goods exported under bond from a manufacturing unit located in a Special Economic Zone. Similarly, a manufacturer located in a SEZ would be entitled to avail of the facility of export under claim for rebate in terms of rule 18 of the Central Excise Rules in respect of these duties-Central Excise Circular No.881 Under the various incentive schemes under Foreign Trade Policy, the computation of entitlement is to be done on the FOB value of exports inclusive of commissions and discounts, if any-DGFT Policy Circular No.51 Requirement of NOC before clearance of Ozone Depleting Substance (ODS) against Advance Authorizations-DGFT Policy Circular No.52 Bad News for PWC which audited Satyam Computers-Raju admits accounting fraud in company-Raju says it was like riding a tiger not knowing how to get off without being eaten Raju may be arrested and prosecuted Anti-dumping duty imposed on imports of Float Glass of thickness 2 mm to 12 mm (both inclusive) of clear as well as tinted variety (other than green glass) but not including processed glass meant for decorative, industrial or automotive purposes , originating in, or exported from, the Peoples' Republic of China and Indonesia-Customs Tariff Notification No.4 Anti-dumping duty imposed on import of Mulberry raw silk (not thrown), 2A grade and below, originating in, or exported from China-Customs Tariff Notification No.5 Full Bench of HC Ruling-High Court is empowered to condone the delay in filing the Appeals under Section 35G of the Central Excise Act, 1944 which are filed beyond the prescribed period of 180 days-Section 5 of Limitation Act will be applicable to Appeals filed under Section 35G of the Central Excise Act, 1944-AIT-2009-05-HC Co-relation of inputs with the export product under DFIA Scheme-DGFT Policy Circular No.50 Export of Stone Aggregate and River Sand to Maldives for the year 2009-2010-DGFT Notification No.75 Income-tax (First Amendment) Rules, 2009-Rule 40E- Prescribed conditions for the purposes of sub-clause (iii) of clause (B) of sub-section (2) of section 115WB-Income Tax Notification No.1 Income-tax (2nd Amendment) Rules, 2009 –Rule 5D & 5E amended-Income Tax Notification No.2 Government specifies the National Housing Bank (Tax Saving) Term Deposit Scheme, 2008 for the purposes of clause clause (xv) of sub-section (2) of section 80C of the Income-tax Act, 1961-Income Tax Notification No.3 Truckers demand duty free import of radial tyres and lowering of service tax As per provision of Section 47(iv) of Income Tax Act whether the transfer of capital asset by a company to its wholly subsidiary company could be regarded as transfer and therefore capital gains tax could be levied on such transfer-AIT-2008-04-HC Government grants full service tax exemption on taxable services provided to a Goods Transport Agency by their sub-contractors-Service Tax Notification No.1 DEPB Notification No.89/2005-Customs amended to provide benefits on clearances to SEZ- Customs Tariff Notification No. 3 Amendments made in DEPB Rates vide Public Notice No. 102 dated 05.11.2008 in respect of products where DEPB rates were reduced, stand withdrawn w.e.f. 5.11.2008 itself, thereby restoring the DEPB Rates notified prior to 5.11.2008, for the said items-DGFT PN 124 Government releases Rs. 600 crore to regional authorities of DGFT for payment of pending claims of Terminal Excise Duty and Duty Drawback under deemed export scheme-Government also releases Rs. 200 crore to the Development Commissioners of SEZs for payment towards pending claims of CST in respect of supplies made to 100% EOUs Anti-dumping duty on import of acrylonitrile butadiene rubber (NBR) originating in, or exported from, Korea RP -Customs Tariff Notification No.1 Changes in Customs duty on specified goods-Customs Tariff Notification No.2 New Drawback Rates for Boots/half boots/shoes/sandals of leather-cum synthetic/textile materials-Customs Non-Tariff Notification No.1 Drawback Rates on several products hiked-Customs Non-Tariff Notification No.2 Government announces Second Economic Stimulus Package to boost recession hit Sectors-Exemptions from CVD on TMT bars and structurals, and from CVD and Special CVD on cement, withdrawn-Full exemption from basic customs duty on zinc and ferro alloys, withdrawn-Duty drawback benefits on certain items including knitted fabrics, bicycles, agricultural hand tools and specified categories of yarn enhanced retrospectively from 1st September 2008-Accelerated depreciation of 50% provided for commercial vehicles to be purchased on or after 1.1.2009 upto 31.03.09-Click on the link below for details CENVAT Credit of service tax paid on all input services up to the Port allowed to Exporters-Click on the link below for details As demanded by AIT; FinMin finally amends CENVAT Credit Rules to allow benefit of non-reversal of Credit on clearances to SEZ Developers-Central Excise Non-Tariff Notification No.50-Click on the lik below for details Anti-dumping duty on import of Flexible Slabstock Polyol, originating in, or exported from, the People's Republic of China, Republic of Korea, Chinese Taipei and Brazil continued till 23rd July, 2009-Customs Tariff Notification No.138 Tariff Value for import of Brass Scrap is 3252 and for Poppy Seeds 4238-Customs Non-Tariff Notification No. 141 Import of new vehicles having an FOB value of US $ 40,000 or more and engine capacity of more than 3000cc for petrol run vehicle and more than 2500cc for diesel run vehicles exempted from policy provision of Import Licensing Note No. 2-DGFT Notification No.74 CBEC clarifies the classification of 'Combined refrigerator freezer with separate external doors' would be under sub- heading 8418 10 and not under 8418 21-Customs Circular No.23 Procedure relating to sanction and pre-audit of refund claims-Customs Circular No.22 Anti-dumping duty imposed on imports of Sodium Hydroxide(Caustic Soda)originating in, or exported from, Korea ROK and the People's Republic of China-Customs Tariff Notification No.137 Abatement from MRP for payment of excise duty lowered by 3 per cent on most of the products-Abatement on Auto Parts lowered to 30 per cent-Central Excise Non-Tariff Notification No. 49 excise duty of 300 PMT notified on cement clinkers-Central Excise Tariff Notification No.64 10% ethanol blended petrol exempted from excise duty Duty free import of capital goods and spare parts under EPCG-Customs Tariff Notification No.136 Anti-dumping duty on import of phenol-Customs Tariff Notification No.135 Authority for Advance Ruling rules looking at the nature of activities carried on or to be carried on by the liaison office of Ikea Trading (Hong Kong) Ltd. in India, no income would accrue or arise or deemed to accrue or arise in India in terms of section 5(2)(b) of Income Tax Act, 1961-AIT-2008-482-AAR Authority for Advance Ruling rules the swapping premium is profit derived from the business of providing long-term finance (computed under the head 'Profits & Gains of Business or Profession' before making any deduction under this clause) in terms of section 36(1)(viii) of the Income Tax Act, 1961-specified percentage thereof is eligible for deduction u/s 36(1)(viii) of the Income Tax Act in view of the fulfillment of condition for carrying this sum to the special reserve-AIT-2008-483-AAR Definition of 'Charitable purpose' under section 2(15) of the Income-tax Act-Income Tax Circular No.11 Import of Trucks/Tippers/Dumpers and spares thereof, under EPCG Scheme by any other sector except for the mining sector is not permitted-DGFT Circular No. 48 transitional arrangements in respect of items whose import has been restricted, shall continue-DGFT Circular No.49 SION norms for export of Shea Stearine notified-DGFT PN 118 The appellant an international firm of solicitors resident in UK, has no office or fixed base in India-the income of the assessee is charged on hourly basis in India and utilised in India shall only be chargeable to Income-Tax Act as disclosed in the return of Income-AIT-2008-480-HC CBDT clarifies that any return of income for the assessment year 2008-09 filed electronically on 30th September 2008, in respect of which the electronic acknowledgement bears the date stamp of 1st October 2008, shall be treated as having been filed within the due date, i.e. 30th September 2008 Export of cement freely allowed from all Ports-DGFT Notification No. 73 Bombay HC rules it is only after enactment of Section 66-A w.e.f. 18.4.2006 that taxable services received from abroad by a person belonging to India are taxed in the hands of the Indian residents- In such cases, the Indian recipient of the taxable services is deemed to be a service provider-Before enactment of Section 66-A, there was no such provision in the Act and therefore, Union of India had no authority to levy service tax-Click on the link below for details Import of all pre-packaged commodities subjected to compliance of all the provisions of the Standards of Weights and Measures (Packaged Commodities) Rules, 1977-Customs Circular No.21 Larger Bench of CESTAT rules in the case of provisional assessment under the Central Excise Rules, 2002 interest is required to be paid from the first day of the month succeeding the month for which such amount is determined-Interest is required to be paid even if the differential amount is paid before the order, under the Rule 7(3) of the said Rules, is issued finalizing the assessment-AIT-2008-473-CESTAT

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THE SIXTH SCHEDULE

[See clause 67(a)]

In the First Schedule to the Central Excise Tariff Act,—

(1) in Chapter 16, for the entry in column (4) occurring against all the tariff items, the entry “Nil” shall be substituted;

(2) in Chapter 19,—

(i) in tariff items 1902 11 00, 1902 19 00, 1902 20 10, 1902 20 90, 1902 30 10 and 1902 30 90, for the entry in column (4) occurring against each of them, the entry “Nil” shall be substituted;

(ii) in tariff items 1905 31 00, 1905 32 19, 1905 90 10 and 1905 90 20, for the entry in column (4) occurring against each of them, the entry “8%” shall be substituted;

(3) in Chapter 21,—

(i) in tariff item 2105 00 00, for the entry in column (4), the entry “Nil” shall be substituted;

(ii) in tariff item 2106 90 20, for the entry in column (4), the entry “37.5%” shall be substituted;

(4) in Chapter 24,—

(i) for the entry in column (4) occurring against all the tariff items of heading 2401, the entry “42%” shall be substituted;

(ii) in tariff item 2402 20 10, for the entry in column (4), the entry “Rs.125 per thousand” shall be substituted;

(iii) in tariff item 2402 20 20, for the entry in column (4), the entry “Rs.415 per thousand” shall be substituted;

(iv) in tariff item 2402 20 30, for the entry in column (4), the entry “Rs.620 per thousand” shall be substituted;

(v) in tariff item 2402 20 40, for the entry in column (4), the entry “Rs.1,005 per thousand” shall be substituted;

(vi) in tariff item 2402 20 50, for the entry in column (4), the entry “Rs.1,340 per thousand” shall be substituted;

(vii) in tariff item 2402 20 90, for the entry in column (4), the entry “Rs.1,645 per thousand” shall be substituted;

(viii) in tariff item 2403 10 10, for the entry in column (4), the entry “50%” shall be substituted;

(ix) in tariff item 2403 10 31, for the entry in column (4), the entry “Rs. 12 per thousand” shall be substituted;

(x) in tariff item 2403 10 39, for the entry in column (4), the entry “Rs. 30 per thousand” shall be substituted;

(xi) in tariff item 2403 91 00, 2403 99 10, 2403 99 20, 2403 99 30, 2403 99 40, 2403 99 50, 2403 99 60 and 2403 99 90, for the entry in column (4) occurring against each of them, the entry “50%” shall be substituted;

(5) in Chapter 25,—

(i) after Note 5, the following Note shall be inserted, namely:—

‘6. In relation to products of headings 2515 and 2516, the process of cutting or sawing or sizing or polishing or any other process, for converting of stone blocks into slabs or tiles, shall amount to “manufacture”.’;

(ii) in tariff item 2503 00 10, for the entry in column (4), the entry “16%” shall be substituted;

Tariff Item Description of goods Unit Rate of duty

(1) (2) (3) (4)

(6) in Chapter 28,—

(i) in heading 2812,—

(a) for tariff item 2812 10 10 and the entries relating thereto, the following shall be substituted, namely:—

“2812 10 10 --- Phosgene (carbonyl chloride, carbonyl dichloride, kg. 16%”;

carbon oxy-chloride, chloroformyl chloride)

(b) for tariff item 2812 10 20 and entries relating thereto, the following shall be substituted, namely :—

“--- Phosphorus trichloride and Phosphorus pentachloride:

2812 10 21 ---- Phosphorus trichloride kg. 16%

2812 10 22 ---- Phosphorous pentachloride kg. 16%”;

“--- Sulphur oxychloride, Sulphur monochloride,

Sulphur dichloride and Thionyl chloride:

2812 10 41 ---- Sulphur oxychloride kg. 16%

2812 10 42 ---- Sulphur monochloride kg. 16%

2812 10 43 ---- Sulphur dichloride kg. 16%

2812 10 47 ---- Thionyl chloride kg. 16%”;

(d) after tariff item 2812 10 50 and the entries relating thereto, the following shall be inserted, namely:—

“2812 10 60 --- Arsenous trichloride kg. 16%”;

(ii) in heading 2851, for tariff item 2851 00 90 and the entries relating thereto, the following shall be substituted, namely:—

“--- Other:

2851 00 91 ---- Cyanogen chloride [(CN) Cl] kg. 16%

2851 00 99 ---- Other kg. 16%”;

(7) in Chapter 29,—

(i) in heading 2903, for tariff item 2903 30 10 and the entries relating thereto, the following shall be substituted, namely:—

“--- Fluorinated derivatives :

2903 30 11 ---- 1-Propene, 1, 1,3,3,3,- kg. 16%

Pentafluoro – 2-(trifluoromethyl) (PFIB)

2903 30 19 ---- Other kg. 16%”;

(ii) in heading 2904, after tariff item 2904 90 70 and the entries relating thereto, the following shall be inserted, namely:—

“2904 90 80 --- Chloropicrin (Trichloronitro-Methane) kg. 16%”;

(iii) in heading 2905, for tariff item 2905 19 00 and the entries relating thereto, the following shall be substituted, namely:—

“2905 19 -- Other :

2905 19 10 --- 2-Butanol, 3, 3-dimethyl- kg. 16%

2905 19 90 --- Other kg. 16%”;

(iv) in heading 2918, for tariff item 2918 19 00 and the entries relating thereto, the following shall be substituted, namely:—

“2918 19 -- Other :

2918 19 10 --- Benzeneacetic acid, kg. 16%

alpha-hydroxy-alpha-phenyl-

2918 19 90 --- Other kg. 16%”;

(v) in heading 2920,—

(a) for tariff item 2920 10 00 and the entries relating thereto, the following shall be substituted, namely:—

“- Phosphorothioic acid, S

[2-(diethylamino) ethyl] O,O-

diethyl ester; and

Thiophosphoric esters

(phosphorothioates) and

their salts; their halogenated,

sulphonated, nitrated or nitrosated

derivatives :

2920 10 10 --- Phosphorothioic acid, S kg. 16%

[2-(diethylamino) ethyl] O,O-diethyl ester

2920 10 20 --- Thiophosphoric esters (phosphorothioates) kg. 16%”;

and their salts; their halogenated, sulphonated,

nitrated or nitrosated derivatives

(b) for tariff item 2920 90 90 and the entries relating thereto, the following shall be substituted, namely:—

“--- Other :

2920 90 41 ---- Trimethyl Phosphite kg. 16%

2920 90 42 ---- Triethyl Phosphite kg. 16%

2920 90 43 ---- Dimethyl Phosphite kg. 16%

2920 90 44 ---- Diethyl Phosphite kg. 16%

2920 90 45 ---- O, O, Dimethyl Methyl Phosphonate kg. 16%

2920 90 47 ---- Phosphonic Acid, Methyl- kg. 16%

compound with (aminoimino methyl) urea (1:1)

2920 90 48 ---- 1-Propanaminium N, N, N-trimethyl kg. 16%

-3-[1-oxo-9-octadecenyl)amino]-,(Z)-

methyl methylphosphonate

2920 90 51 ---- Phosphonic acid, [methyl-bis kg. 16%

(5-ethyl- 2-methyl -2- oxido-1,

3,2-dioxaphosphorinan-5-yl)

methyl] ester

2920 90 52 ---- Phosphonic acid, [methyl- kg. 16%

(5-ethyl-2-methyl 2-oxido-1,3,2

-dioxaphosphorinan-5-yl)methyl] ester

2920 90 53 ---- Phosphonic acid, propyl-dimethyl ester kg. 16%

2920 90 54 ---- Phosphonous acid, methyl-diethyl ester kg. 16%

2920 90 55 ---- Phosphonic acid, ethyl- kg. 16%

2920 90 56 ---- Phosphonic acid, propyl- kg. 16%

2920 90 57 ---- Phosphinic acid, methyl- kg. 16%

2920 90 58 ---- Phosphonochloridic acid, methyl-, methyl ester kg. 16%

2920 90 61 ---- Phosphonothioic dichloride, ethyl- kg. 16%

2920 90 62 ---- Phosphonic acid, methyl- kg. 16%

2920 90 63 ---- Phosphonic acid, methyl-, dimethyl ester kg. 16%

2920 90 64 ---- Phosphonic dichloride, methyl- kg. 16%

2920 90 65 ---- Phosphonous dichloride, methyl- kg. 16%

2920 90 66 ---- Phosphonic acid, ethyl-, diethyl ester kg. 16%

2920 90 99 ---- Other kg. 16%”;

(vi) in heading 2921, for tariff item 2921 19 00 and the entries relating thereto, the following shall be substituted, namely:—

“2921 19 -- Other :

--- 2-Chloro N,N-Di-isopropyl ethylamine

and Ethanamine, 2-Chloro-N, N-dimethyl :

2921 19 11 ---- 2-Chloro N,N-Di-isopropyl ethylamine kg. 16%

2921 19 14 ---- Ethanamine, 2-Chloro-N, N-dimethyl kg. 16%

2921 19 90 ---- Other kg. 16%”;

(vii) in heading 2922,—

(a) for tariff items 2922 11 00 and 2922 12 00 and the entries relating thereto, the following shall be substituted, namely:—

“2922 11 -- Monoethanolamine and its salts:

--- 2-Hydroxy N,N-Diisopropyl

Ethylamine, N,N-Diethyl Amino

ethyl Chloride Hydrochloride,

Di-ethyl Amino ethanethiol

Hydrochloride, Di-Methyl Amino ethyl

chloride Hydrochloride, Di-Methyl

Amino ethanethiol, Di-Methyl Amino

ethanethiol Hydrochloride:

2922 11 11 ---- 2-Hydroxy N,N-Diisopropyl Ethylamine kg. 16%

2922 11 12 ---- N,N-Diethyl Amino ethyl kg. 16%

Chloride Hydrochloride

2922 11 13 ---- Di-ethyl Amino ethanethiol Hydrochloride kg. 16%

2922 11 14 ---- Di-Methyl Amino ethyl chloride Hydrochloride kg. 16%

2922 11 15 ---- Di-Methyl Amino ethanethiol kg. 16%

2922 11 16 ---- Di-Methyl Amino ethanethiol Hydrochloride kg. 16%

2922 11 90 ---- Other kg. 16%

2922 12 -- Diethanolamine and its salts:

--- Ethyldiethanolamine and Methyldiethanolamine :

2922 12 11 ---- Ethyldiethanolamine kg. 16%

2922 12 12 ---- Methyldiethanolamine kg. 16%

2922 12 90 ---- Other kg. 16%”;

(b) for tariff item 2922 19 00 and the entries relating thereto, the following shall be substituted, namely:—

“2922 19 -- Other :

2922 19 10 --- Diethyl amino ethanethiol kg. 16%

2922 19 20 --- Ethanol, 2- [bis(1-methylethyl) amino]- kg. 16%

2922 19 30 --- Ethanethiol, 2-(diethylamino)- kg. 16%

2922 19 90 --- Other kg. 16%”;

(viii) in heading 2930, for tariff item 2930 90 90 and the entries relating thereto, the following shall be substituted, namely:—

“--- Other :

2930 90 91 ---- Ethanol, 2,2'-thiobis- kg. 16%

2930 90 99 ---- Other kg. 16%”;

(ix) in heading 2933, after tariff item 2933 39 20 and the entries relating thereto, the following shall be inserted, namely:—

“2933 39 30 --- 1-Azabicyclo (2.2.2.) octan-3-ol kg. 16%”;

(x) in heading 2939, for tariff item 2939 29 00 and the entries relating thereto, the following shall be substituted, namely:—

“2939 29 -- Other :

2939 29 10 --- Benzeneacetic acid, alpha kg. 16%

-hydroxy-alpha-phenyl, 1-

azabicyclo[2.2.2.]oct-3-yl ester

2939 29 90 --- Other kg. 16%”.

(8) in Chapter 32, for Note 7, the following Note shall be substituted, namely:—

‘7. In relation to products of tariff items 3204 19 81, 3204 19 82, 3204 19 83, 3204 19 84, 3204 19 85, 3204 19 86, 3204 19 87, 3204 19 88, 3204 19 89, 3204 19 90 and products of heading 3206, labelling, re-labelling of containers and re-packing from bulk packs to retail packs or the adoption of any other treatment, to render the product marketable to the consumer, shall amount to “manufacture”.’;

(9) in Chapter 39, after Note 15, the following Note shall be inserted, namely:—

“16. In relation to the products of headings 3920 and 3921, the process of metallization shall amount to
“manufacture”.’;

(10) in Chapter 50, in tariff items 5004 00 90, 5005 00 21, 5005 00 22, 5006 00 31, 5006 00 32, 5006 00 33 and 5006 00 39, for the entry in column (4) occurring against each of them, the entry “8%” shall be substituted;

(11) in Chapter 51, for the entry in column (4) occurring against all the tariff items of headings 5105, 5106, 5107, 5108, 5109, 5110, 5111, 5112 and 5113, the entry “8%” shall be substituted;

(12) in Chapter 52, for the entry in column (4) occurring against all the tariff items of headings 5204, 5205, 5206, 5207, 5208, 5209, 5210, 5211 and 5212, the entry “8%” shall be substituted;

(13) in Chapter 53,—

(i) for the entry in column (4) occurring against all the tariff items of headings 5302 and 5304, the entry “8%” shall be substituted;

(ii) for the entry in column (4) occurring against all the tariff items of heading 5305 (except tariff item 5305 90 10), the entry “8%” shall be substituted;

(iii) for the entry in column (4) occurring against all the tariff items of heading 5306, the entry “8%” shall be substituted;

(iv) in tariff items 5308 20 00, 5308 90 10 and 5308 90 90, for the entry in column (4) occurring against each of them, the entry “8%” shall be substituted;

(v) for the entry in column (4) occurring against all the tariff items of headings 5309, 5310 and 5311, the entry “8%” shall be substituted;

(14) in Chapter 54,—

(i) for the entry in column (4) occurring against all the tariff items of headings 5401 and 5404, the entry “8%” shall be substituted;

(ii) in tariff item 5405 00 00, for the entry in column (4), the entry “8%” shall be substituted;

(iii) for the entry in column (4) occurring against all the tariff items of headings 5407 and 5408, the entry “8%” shall be substituted;

(15) in Chapter 55, for the entry in column (4) occurring against all the tariff items of headings 5508, 5509, 5510, 5511, 5512, 5513, 5514, 5515 and 5516, the entry “8%” shall be substituted;

(16) in Chapter 56, for the entry in column (4) occurring against all the tariff items (except tariff items 5601 10 00, 5601 22 00, 5607 10 10, 5607 10 90, 5608 11 10 and 5608 11 90), the entry “8%” shall be substituted;

(17) in Chapter 57, for the entry in column (4) occurring against all the tariff items, the entry “8%” shall be substituted;

(18) in Chapter 58, for the entry in column (4) occurring against all the tariff items (except tariff items 5804 30 00, 5805 00 10, 5805 00 20, 5805 00 90, 5807 10 10, 5807 10 20, 5807 10 90, 5807 90 10 and 5807 90 90), the entry “8%” shall be substituted;

(19) in Chapter 59, for the entry in column (4) occurring against all the tariff items (except tariff items 5902 10 10 and 5902 10 90), the entry “8%” shall be substituted;

(20) in Chapter 60, for the entry in column (4) occurring against all the tariff items, the entry “8%” shall be substituted;

(21) in Chapter 61, for the entry in column (4) occurring against all the tariff items, the entry “8%” shall be substituted;

(22) in Chapter 62, for the entry in column (4) occurring against all the tariff items, the entry “8%” shall be substituted;

(23) in Chapter 63, for the entry in column (4) occurring against all the tariff items (except tariff items 6309 00 00, 6310 10 10, 6310 10 20, 6310 10 30, 6310 10 90, 6310 90 10, 6310 90 20, 6310 90 30, 6310 90 40 and 6310 90 90), the entry “8%” shall be substituted);

(24) in Chapter 72, after Note 3, the following Note shall be inserted, namely:-

‘4. In relation to the products of this Chapter, the process of drawing or redrawing a bar, rod, wire rod, round bar or any other similar article, into bright bar, shall amount to “manufacture”.’;

(25) in Chapter 73, in Note 5, for the figures and word “7304 and 7305”, the figures and word “7304, 7305 and 7306” shall be substituted;

(26) in Chapter 85, in tariff items 8524 31 11, 8524 31 19, 8524 40 11, 8524 40 19, 8524 91 11, 8524 91 12, 8524 91 13 and 8524 91 19, for the entry in column (4) occurring against each of them, the entry “8%” shall be substituted;

(27) in Chapter 87,—

(i) in tariff items 8702 10 11, 8702 10 12, 8702 10 19, 8702 90 11, 8702 90 12, 8702 90 13 and 8702 90 19, for the entry in column (4) occurring against each of them, the entry “24%” shall be substituted;

(ii) for the entry in column (4) occurring against all the tariff items of heading 8703, the entry “24%” shall be substituted;

(iii) in tariff items 8704 10 90, 8704 31 10, 8704 31 90, 8704 32 11, 8704 32 19, 8704 32 90, 8704 90 11, 8704 90 12, 8704 90 19 and 8704 90 90, for the entry in column (4) occurring against each of them, the entry “24%” shall be substituted;

(iv) in tariff items 8706 00 21 and 8706 00 39, for the entry in column (4) occurring against each of them, the entry “24%” shall be substituted;

(v) in tariff items 8706 00 43 and 8706 00 49, for the entry in column (4) occurring against each of them, the entry
“24% + Rs.10,000 per chassis” shall be substituted;