Preferential customs duty on newsprint limited by textual amendment to cap duties payable under the First Schedule. The amendment confines the exemption in Notification No. 191/81-Cus. by substituting language so that relief applies only to the portion of customs duty that is in excess of the amount calculated at a specified ad valorem rate, thereby establishing a duty ceiling at that ad valorem benchmark on newsprint imports.
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Preferential customs duty on newsprint limited by textual amendment to cap duties payable under the First Schedule.
The amendment confines the exemption in Notification No. 191/81-Cus. by substituting language so that relief applies only to the portion of customs duty that is in excess of the amount calculated at a specified ad valorem rate, thereby establishing a duty ceiling at that ad valorem benchmark on newsprint imports.
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