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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Temporary 15% Regulatory Customs Duties Imposed on Imports; Valid Until May 15, 1973, Under Customs Act, 1962.</h1> Regulatory duties of customs are imposed to manage import economy, with a maximum rate of 15% on specified goods as determined by the Central Government. These duties apply in addition to existing customs duties and follow the Customs Act, 1962 provisions. The duties are temporary, ceasing after May 15, 1973, but actions taken before this date remain valid. Notifications regarding these duties must be presented to Parliament. Previous duties from the Finance Act, 1971, continue until the new provisions take effect, with specific dates and rates potentially varying for different goods.
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