Customs surcharge amendment reduces the specified statutory rate under section 28AB, altering import duty calculation and application. Amendment reduces the statutory rate in the Customs Act provision governing an additional import levy by substituting a lower percentage in the first sub ... Summary
Customs surcharge amendment reduces the specified statutory rate under section 28AB, altering import duty calculation and application.
Amendment reduces the statutory rate in the Customs Act provision governing an additional import levy by substituting a lower percentage in the first sub provision, thereby altering the calculation base for the additional charge under the import levy mechanism within the indirect tax framework.
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