Ad valorem tariff adjustment changes the applicable ad valorem rate in a customs notification under a statutory amendment. The Central Government, exercising statutory authority under the Customs Act, amends Notification No. 100/90-Customs by substituting the figures and words in the Table annexed to that notification to change the previously specified ad valorem rate to a new ad valorem rate for the tariff entry concerning Chapter 84.
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Ad valorem tariff adjustment changes the applicable ad valorem rate in a customs notification under a statutory amendment.
The Central Government, exercising statutory authority under the Customs Act, amends Notification No. 100/90-Customs by substituting the figures and words in the Table annexed to that notification to change the previously specified ad valorem rate to a new ad valorem rate for the tariff entry concerning Chapter 84.
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