Customs amendment: substitution of petroleum product tariff entries to modify effective duty treatment under statutory power. The Central Government, invoking the statutory power under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 19/94 Customs by substituting the column (2) entry against S. No. 11 in the Table with a new set of tariff headings for petroleum products, stating the amendment is necessary in the public interest to alter the effective rate of duty applicable to those headings.
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Customs amendment: substitution of petroleum product tariff entries to modify effective duty treatment under statutory power.
The Central Government, invoking the statutory power under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 19/94 Customs by substituting the column (2) entry against S. No. 11 in the Table with a new set of tariff headings for petroleum products, stating the amendment is necessary in the public interest to alter the effective rate of duty applicable to those headings.
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