Export tariff reduction for finished leather clarifies duty rate and ties definition to Export Control Order standards. Amendment to Notification No. 136/92-Customs substitutes the earlier ad valorem rate with 5% ad valorem and replaces the Explanation to define 'finished leather of goat, sheep and bovine animals and of their young ones' as leather that meets the standards specified in the Export (Control) Order, 1988, as amended, thereby aligning tariff treatment with those export control standards.
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Export tariff reduction for finished leather clarifies duty rate and ties definition to Export Control Order standards.
Amendment to Notification No. 136/92-Customs substitutes the earlier ad valorem rate with 5% ad valorem and replaces the Explanation to define "finished leather of goat, sheep and bovine animals and of their young ones" as leather that meets the standards specified in the Export (Control) Order, 1988, as amended, thereby aligning tariff treatment with those export control standards.
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