Customs exemption rates revised under statutory power, raising ad valorem rates across multiple prior exemption notifications The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends ten specified customs exemption notifications by substituting stated ad valorem rate expressions in each listed notification or its annexed Table; the operative mechanism is replacement of earlier ad valorem figures and words with revised ad valorem figures and words as specified in the annexed Table.
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Customs exemption rates revised under statutory power, raising ad valorem rates across multiple prior exemption notifications
The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends ten specified customs exemption notifications by substituting stated ad valorem rate expressions in each listed notification or its annexed Table; the operative mechanism is replacement of earlier ad valorem figures and words with revised ad valorem figures and words as specified in the annexed Table.
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