Tariff exemption rate reduction for textile machinery components reduces the ad valorem exemption under the existing customs notification. The Central Government amended the customs notification governing components for textile machinery by substituting the previously specified ad valorem exemption rate with a lower rate, altering the exemption percentage in the existing Department of Revenue notification and applying the change to the same class of goods.
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Tariff exemption rate reduction for textile machinery components reduces the ad valorem exemption under the existing customs notification.
The Central Government amended the customs notification governing components for textile machinery by substituting the previously specified ad valorem exemption rate with a lower rate, altering the exemption percentage in the existing Department of Revenue notification and applying the change to the same class of goods.
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