Transfer of Residence amendment raises prescribed monetary thresholds under Rule 2, altering customs transfer-of-residence allowances. The Second Amendment to the Transfer of Residence Rules, 1978 substitutes higher monetary figures in the Explanation to Rule 2, thereby raising the financial thresholds that determine the Rule's applicability. The amendment is made under sub section (2) of Section 79 of the Customs Act, 1962 and comes into force on publication in the Official Gazette.
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Transfer of Residence amendment raises prescribed monetary thresholds under Rule 2, altering customs transfer-of-residence allowances.
The Second Amendment to the Transfer of Residence Rules, 1978 substitutes higher monetary figures in the Explanation to Rule 2, thereby raising the financial thresholds that determine the Rule's applicability. The amendment is made under sub section (2) of Section 79 of the Customs Act, 1962 and comes into force on publication in the Official Gazette.
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