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of <h1>Customs Duty on Sawn, Chipped, Sliced, or Peeled Wood Increased from 15% to 20% Under Section 25(1) of Customs Act</h1> The Central Government, under the authority of section 25(1) of the Customs Act, 1962, has amended Notification No. 74/91-Customs dated July 25, 1991. The amendment involves changing the customs duty rate on wood products, specifically wood that is sawn, chipped, sliced, or peeled, classified under Chapter 44. The previous duty rate of 15 percent ad valorem has been increased to 20 percent ad valorem, effective from March 1, 1992, as part of a public interest initiative.
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