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of <h1>Customs Act 1962: CVD Rates Cut to 8% for Select Items via Notification No. 20/2009-Cus.</h1> The Central Government, under the Customs Act, 1962, has amended the notification No. 21/2002-Customs dated March 1, 2002, by reducing the effective rates of Countervailing Duty (CVD) through a reduction in excise duty rates. The amendments involve substituting the duty rate to 8% for several serial numbers in the notification's table, specifically S. No. 226, 228, 236, 237, 344A, 399, 404, and 433. This adjustment is deemed necessary in the public interest and was formalized via Notification No. 20/2009-Cus. on February 24, 2009.
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