Effective duty rate reduction for refrigerating and air conditioning appliances alters tariff entries and lowers chargeable ad valorem duty. The Central Government, exercising powers under sub rule (1) of rule 8 of the Central Excise Rules, 1944, amends Notification No. 166/86 by substituting the ad valorem entries in the annexed table: replacing the rate in column (4) against item (ii) of serial entry one and substituting the entries in column (4) for serial entries two and six with a lower ad valorem rate applicable to refrigerating and air conditioning appliances and parts.
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Effective duty rate reduction for refrigerating and air conditioning appliances alters tariff entries and lowers chargeable ad valorem duty.
The Central Government, exercising powers under sub rule (1) of rule 8 of the Central Excise Rules, 1944, amends Notification No. 166/86 by substituting the ad valorem entries in the annexed table: replacing the rate in column (4) against item (ii) of serial entry one and substituting the entries in column (4) for serial entries two and six with a lower ad valorem rate applicable to refrigerating and air conditioning appliances and parts.
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