Ad valorem rate adjustment for raw rubber imports increases tariff exemption, amending the existing customs notification and import relief. The Central Government amends Notification No. 82/86 Customs by substituting the previously specified 40% ad valorem with 45% ad valorem, thereby raising the ad valorem exemption rate applicable to raw and synthetic rubber under Chapter 40, pursuant to section 25(1) of the Customs Act, 1962, in the public interest.
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Ad valorem rate adjustment for raw rubber imports increases tariff exemption, amending the existing customs notification and import relief.
The Central Government amends Notification No. 82/86 Customs by substituting the previously specified 40% ad valorem with 45% ad valorem, thereby raising the ad valorem exemption rate applicable to raw and synthetic rubber under Chapter 40, pursuant to section 25(1) of the Customs Act, 1962, in the public interest.
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