Check sibling questions
Indirect Tax
Customs

We know that rates of Customs are provided in Customs Tariff Act(CTA).

 

There are 2 schedules of CTA

  • First Schedule of CTA
  • Second Schedule of CTA

Schedule

Details of

First Schedule of CTA

 

Goods liable for import duty 

Second Schedule of CTA

 

Goods liable for export duty

 

There are number of goods in CTA which are divided into different headings and subheadings.

 

Classification means

Determining the headings or sub-headings of the Customs Tariff Act, 1975 (CTA) under which the imported/export goods are be covered.

 

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CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.