BCD exemption rate increase for gold imports under the replenishment scheme raises the basic customs duty applicable to such imports. The notification modifies the tariff entry for gold imported under the replenishment scheme by substituting the previously listed rate with a higher rate in the Table against the relevant serial entry, thereby altering the rate applicable under the BCD exemption for such imports; the amendment is effected under the executive's statutory customs powers and articulated as necessary in the public interest.
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Provisions expressly mentioned in the judgment/order text.
BCD exemption rate increase for gold imports under the replenishment scheme raises the basic customs duty applicable to such imports.
The notification modifies the tariff entry for gold imported under the replenishment scheme by substituting the previously listed rate with a higher rate in the Table against the relevant serial entry, thereby altering the rate applicable under the BCD exemption for such imports; the amendment is effected under the executive's statutory customs powers and articulated as necessary in the public interest.
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