India has enacted significant changes in the classification of goods under the India Customs Tariff Act, effective January 1, 2022, that will affect duty rates and exemptions.
These changes follow release by the World Customs Organization (WCO) of the 7th edition of the Harmonized System (HS) nomenclature, also effective January 1, 2022. Because India is a party to the HS convention, it has made these numerous changes in its Customs Tariff Act to follow the WCO’s latest HS release.
Source PwC
