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of <h1>Central Government Amends Customs Notifications; Adjusts Ad Valorem Duty Rates to Align with Public Interest</h1> The Central Government has amended five customs notifications under the Customs Act, 1962, to align with public interest. The changes involve adjustments to ad valorem duty rates. Notification 322/76 now requires a 20% ad valorem rate instead of 40%. Notification 386/86 changes the rate from 20% to 25%. Notification 140/88 adjusts from 40% to 45%. Notification 97/89 increases the rate from 30% to 35%. Lastly, Notification 35/90 modifies an entry to reflect a 25% ad valorem rate. These amendments are effective as specified in the corresponding entries of the notifications.
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