Export tariff amendment reduces applicable ad valorem duty for a specified tariff entry under Customs Act powers. Central Government, under sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 137/92 Customs by substituting the previously specified ad valorem rate in column (3) opposite S. No. 2 of the annexed Table with a lower ad valorem rate, thereby altering the export tariff applicable to that entry.
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Export tariff amendment reduces applicable ad valorem duty for a specified tariff entry under Customs Act powers.
Central Government, under sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 137/92 Customs by substituting the previously specified ad valorem rate in column (3) opposite S. No. 2 of the annexed Table with a lower ad valorem rate, thereby altering the export tariff applicable to that entry.
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