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        Customs

        Bulk Drugs - Amendment to Notification No. 166/92-Cus. - 217/92 - Customs -Tariff

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        Customs exemption rate reduction lowers the ad valorem tariff for specified bulk drugs under delegated statutory powers. The Central Government, exercising powers under section 25(1) of the Customs Act, 1962, amends Notification No. 166/92-Customs by substituting the figures and words '50 per cent ad valorem' with '25 per cent ad valorem', effecting a reduction in the ad valorem rate applicable to the specified bulk drugs.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Customs exemption rate reduction lowers the ad valorem tariff for specified bulk drugs under delegated statutory powers.

                                The Central Government, exercising powers under section 25(1) of the Customs Act, 1962, amends Notification No. 166/92-Customs by substituting the figures and words "50 per cent ad valorem" with "25 per cent ad valorem", effecting a reduction in the ad valorem rate applicable to the specified bulk drugs.


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