Amendment to customs exemption rates substitutes revised ad valorem tariff percentages in specified notifications. The Central Government, under sub-section (1) of section 25 of the Customs Act, 1962, directs amendments to Notifications Nos. 386/86-Cus., 140/88-Cus. and 97/89-Cus. by substituting the figures and words denoting the ad valorem rates in each notification with the newly specified ad valorem figures, thereby modifying the tariff exemption rates set out in those notifications.
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Amendment to customs exemption rates substitutes revised ad valorem tariff percentages in specified notifications.
The Central Government, under sub-section (1) of section 25 of the Customs Act, 1962, directs amendments to Notifications Nos. 386/86-Cus., 140/88-Cus. and 97/89-Cus. by substituting the figures and words denoting the ad valorem rates in each notification with the newly specified ad valorem figures, thereby modifying the tariff exemption rates set out in those notifications.
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