Customs notification amendments revise exemption terms, reduce ad valorem duties, change beneficiaries and add certification requirements. Amendments made under sub-section (1) of section 25 of the Customs Act, 1962 modify prior customs exemption notifications by substituting institutional names, changing tariff text and reducing specified ad valorem duty rates, expanding eligible goods entries, and imposing a certification requirement from the Directorate of Hydrocarbons for off shore oil exploration or exploitation imports. They also require a Ministry of Defence-signed duty exemption certificate for certain defence related imports documenting purchase order and supplier details and quantities.
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Customs notification amendments revise exemption terms, reduce ad valorem duties, change beneficiaries and add certification requirements.
Amendments made under sub-section (1) of section 25 of the Customs Act, 1962 modify prior customs exemption notifications by substituting institutional names, changing tariff text and reducing specified ad valorem duty rates, expanding eligible goods entries, and imposing a certification requirement from the Directorate of Hydrocarbons for off shore oil exploration or exploitation imports. They also require a Ministry of Defence-signed duty exemption certificate for certain defence related imports documenting purchase order and supplier details and quantities.
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