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of <h1>Amendment to Customs Act: Standard Duty Rate for Imports from Specified Countries Updated in Public Interest, Effective May 1995.</h1> The Central Government has amended a previous customs notification under the Customs Act, 1962, relating to imports from specified countries under the Global System of Trade Preferences. The amendment involves substituting the explanation regarding the standard rate of duty. The standard rate of duty now refers to the rate specified in the First Schedule, considering any other current notifications under the same section of the Customs Act, excluding a specific notification dated March 16, 1995. This change is deemed necessary in the public interest and is effective as of May 22, 1995.
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