Customs duty rate revisions raise ad valorem rates on specified metals and alloys, altering several exemption notifications. Amendments under sub-section (1) of section 25 of the Customs Act, 1962 direct substitution of specified duty figures, words, Tables and Explanations in listed prior customs notifications concerning iron, steel and other metals. The changes revise ad valorem duty percentages and, where applicable, alter combined ad valorem-plus-per-tonne formulas or replace entire annexed Tables and Explanations to redefine product categories and applicable rates.
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Provisions expressly mentioned in the judgment/order text.
Customs duty rate revisions raise ad valorem rates on specified metals and alloys, altering several exemption notifications.
Amendments under sub-section (1) of section 25 of the Customs Act, 1962 direct substitution of specified duty figures, words, Tables and Explanations in listed prior customs notifications concerning iron, steel and other metals. The changes revise ad valorem duty percentages and, where applicable, alter combined ad valorem-plus-per-tonne formulas or replace entire annexed Tables and Explanations to redefine product categories and applicable rates.
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