Ad valorem rate adjustment for customs exemptions modifies duty percentages for machinery and electronic imports under statutory authority. Amendments to tariff exemptions for machinery, equipment, electrical and electronic items under sub-section (1) of section 25 of the Customs Act, 1962 direct substitution of specified ad valorem rates in eighteen earlier Customs exemption notifications by replacing existing figures and words with the new ad valorem rates set out in the annexed Table.
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Provisions expressly mentioned in the judgment/order text.
Ad valorem rate adjustment for customs exemptions modifies duty percentages for machinery and electronic imports under statutory authority.
Amendments to tariff exemptions for machinery, equipment, electrical and electronic items under sub-section (1) of section 25 of the Customs Act, 1962 direct substitution of specified ad valorem rates in eighteen earlier Customs exemption notifications by replacing existing figures and words with the new ad valorem rates set out in the annexed Table.
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