Customs amendment reduces a specified import percentage requirement for gem and jewellery unit exemption conditions. The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, directs substitution of the figures '15%' with the figures '10%' in condition (xii), column (1), entry against item A of notifications 196 Customs/87, 256 Customs/87, 258 Customs/87, 260 Customs/87 and 262 Customs/87, and in condition (xiv), column (1), entry against item A of notification 3 Customs/88.
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Customs amendment reduces a specified import percentage requirement for gem and jewellery unit exemption conditions.
The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, directs substitution of the figures "15%" with the figures "10%" in condition (xii), column (1), entry against item A of notifications 196 Customs/87, 256 Customs/87, 258 Customs/87, 260 Customs/87 and 262 Customs/87, and in condition (xiv), column (1), entry against item A of notification 3 Customs/88.
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