CBEC notifies
implementation of changes from WCO Harmonized System Nomenclature 2012 version
to 2017 version w.e.f. January 1, 2017; New version, as notified vide Sections
141 and 146 of Finance Act 2016, includes 233 sets of amendments, divided as
follows - agricultural sector 85, chemical sector 45, wood sector 13, textile
sector 15, base metal sector 6, machinery sector 25, transport sector 18, and
other sectors 26; Directs importers, exporters and CHAs to ensure
classification of goods in accordance with HSN 2017 while filing Customs
declarations for goods to be imported / exported from January 1st; Customs RES
software providers shall also equip their RES packages in line with new version
for smooth implementation : CBEC