Customs duty reduction on iron and steel: ad valorem rates lowered and specified notifications amended accordingly. Central Government amends specified iron and steel exemption notifications under the Customs Act, 1962 by substituting lower ad valorem rates in the tariff entries: replacing the previous percentage components in Notification Nos. 292/87-Cus., 80/90-Cus. (two table entries), and 83/90-Cus., thereby altering the ad valorem tariff charges stated in those notifications.
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Customs duty reduction on iron and steel: ad valorem rates lowered and specified notifications amended accordingly.
Central Government amends specified iron and steel exemption notifications under the Customs Act, 1962 by substituting lower ad valorem rates in the tariff entries: replacing the previous percentage components in Notification Nos. 292/87-Cus., 80/90-Cus. (two table entries), and 83/90-Cus., thereby altering the ad valorem tariff charges stated in those notifications.
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