Ad valorem rate reduced for specified goods, altering customs exemption tariff calculation by government amendment. The Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 271/86-Cus by substituting the figures and words '55 per cent ad valorem' with the figures and words '35 per cent ad valorem' for goods of Chapter 29, thereby changing the ad valorem rate specified in the exemption notification.
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Ad valorem rate reduced for specified goods, altering customs exemption tariff calculation by government amendment.
The Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 271/86-Cus by substituting the figures and words "55 per cent ad valorem" with the figures and words "35 per cent ad valorem" for goods of Chapter 29, thereby changing the ad valorem rate specified in the exemption notification.
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