Customs exemption amendment increases ad valorem rate under statutory authority, altering tariff concession applicability for specified goods. The Central Government, exercising powers under the Customs Act and satisfied it is necessary in the public interest, amends Notification No. 31/82-Customs (28 February 1982) by substituting in the Table annexed to that notification the figures and words '40% ad valorem' with the figures and words '45% ad valorem', thereby changing the ad valorem exemption rate specified in the existing customs exemption notification.
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Customs exemption amendment increases ad valorem rate under statutory authority, altering tariff concession applicability for specified goods.
The Central Government, exercising powers under the Customs Act and satisfied it is necessary in the public interest, amends Notification No. 31/82-Customs (28 February 1982) by substituting in the Table annexed to that notification the figures and words "40% ad valorem" with the figures and words "45% ad valorem", thereby changing the ad valorem exemption rate specified in the existing customs exemption notification.
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