Customs exemption amendment increases ad valorem exemption rates and revises product description for certain footwear preparations. The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends two miscellaneous exemption notifications by substituting increased ad valorem rates and by replacing the Table entry in Notification No. 29/79 Customs, Sl. No. 14, column (2) with 'Polishes, creams and similar preparation for footwear or leather;' Notification No. 224/85 Customs is similarly amended by substitution of its ad valorem rate.
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Customs exemption amendment increases ad valorem exemption rates and revises product description for certain footwear preparations.
The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends two miscellaneous exemption notifications by substituting increased ad valorem rates and by replacing the Table entry in Notification No. 29/79 Customs, Sl. No. 14, column (2) with "Polishes, creams and similar preparation for footwear or leather;" Notification No. 224/85 Customs is similarly amended by substitution of its ad valorem rate.
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