Customs exemption rate increase for sawn wood revises prior notification under Customs Act to alter ad valorem treatment. The Central Government, invoking its statutory power under the Customs Act, substituted the previously specified ad valorem rate in Notification No. 74/91-Customs with a higher ad valorem rate by Notification No. 69/92-Cus dated 1-3-1992, thereby altering the tariff expression applicable to wood sawn, chipped, sliced or peeled under Chapter 44.
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Customs exemption rate increase for sawn wood revises prior notification under Customs Act to alter ad valorem treatment.
The Central Government, invoking its statutory power under the Customs Act, substituted the previously specified ad valorem rate in Notification No. 74/91-Customs with a higher ad valorem rate by Notification No. 69/92-Cus dated 1-3-1992, thereby altering the tariff expression applicable to wood sawn, chipped, sliced or peeled under Chapter 44.
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