Customs exemption rates increased by amendment to specified notifications, altering ad valorem percentages accordingly under statutory authority. The Central Government, exercising powers under section 25(1) of the Customs Act, 1962, amends specified miscellaneous exemption notifications by substituting ad valorem rates: Notifications 155/91-Cus. and 6/92-Cus. replace '10% ad valorem' with '20% ad valorem', and Notification 160/91-Cus. replaces 'twenty five per cent ad valorem' with '30% ad valorem', as set out in the Table.
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Customs exemption rates increased by amendment to specified notifications, altering ad valorem percentages accordingly under statutory authority.
The Central Government, exercising powers under section 25(1) of the Customs Act, 1962, amends specified miscellaneous exemption notifications by substituting ad valorem rates: Notifications 155/91-Cus. and 6/92-Cus. replace "10% ad valorem" with "20% ad valorem", and Notification 160/91-Cus. replaces "twenty five per cent ad valorem" with "30% ad valorem", as set out in the Table.
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