Customs tariff amendment adjusts specified exemption ad valorem rates through executive amendment powers. The Central Government, exercising the power under sub-section (1) of section 25 of the Customs Act, 1962, amends six specified miscellaneous exemption notifications by substituting the originally notified ad valorem percentages with new ad valorem percentages as set out in the annexed Table, with each amendment limited to replacing the figures and words that specify the duty rates.
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Customs tariff amendment adjusts specified exemption ad valorem rates through executive amendment powers.
The Central Government, exercising the power under sub-section (1) of section 25 of the Customs Act, 1962, amends six specified miscellaneous exemption notifications by substituting the originally notified ad valorem percentages with new ad valorem percentages as set out in the annexed Table, with each amendment limited to replacing the figures and words that specify the duty rates.
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