Customs tariff amendment alters table entry for a specified item, substituting the previous rate with a new rate. The Central Government, invoking powers under the Customs Act and the Customs Tariff Act, amends Notification No. 50/2017-Customs by substituting the Table entry against S. No. 21F in column (4) with the entry '20%', thereby changing the tariff/exemption parameter for that serial number and recording the amendment as an update to the principal notification.
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Customs tariff amendment alters table entry for a specified item, substituting the previous rate with a new rate.
The Central Government, invoking powers under the Customs Act and the Customs Tariff Act, amends Notification No. 50/2017-Customs by substituting the Table entry against S. No. 21F in column (4) with the entry "20%", thereby changing the tariff/exemption parameter for that serial number and recording the amendment as an update to the principal notification.
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