Standard rate of duty definition altered, excluding a specific notification and affecting tariff application to specified imports. The amendment substitutes the Explanation in a customs exemption notification, redefining standard rate of duty as the rate specified in the First Schedule read with any other notifications in force issued under the Customs Act provision, but expressly excluding a particular earlier notification from that reading to clarify tariff applicability for imports under the Global System of Trade Preferences.
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Standard rate of duty definition altered, excluding a specific notification and affecting tariff application to specified imports.
The amendment substitutes the Explanation in a customs exemption notification, redefining standard rate of duty as the rate specified in the First Schedule read with any other notifications in force issued under the Customs Act provision, but expressly excluding a particular earlier notification from that reading to clarify tariff applicability for imports under the Global System of Trade Preferences.
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