Customs notification amendment increases exemption monetary threshold, altering condition clause to broaden tariff exemption applicability. Amendment under sub-section (1) of section 25 of the Customs Act, 1962 substitutes the monetary wording in condition 2, clause (11) of Notification No. 321/87-Customs with a higher specified amount, raising the eligibility ceiling for that tariff exemption and noting the change is made in the public interest.
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Amendment under sub-section (1) of section 25 of the Customs Act, 1962 substitutes the monetary wording in condition 2, clause (11) of Notification No. 321/87-Customs with a higher specified amount, raising the eligibility ceiling for that tariff exemption and noting the change is made in the public interest.
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