Ad valorem exemption reduction for iron ore pellets alters tariff concession under Customs Act via substitution of prior rate. The Central Government, under section 25(1) of the Customs Act, 1962, amends Notification No. 6/90-Customs by substituting the previously specified ad valorem rate with a lower ad valorem rate for iron ore pellets, thereby altering the tariff concession for that item through textual substitution in the original exemption notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Ad valorem exemption reduction for iron ore pellets alters tariff concession under Customs Act via substitution of prior rate.
The Central Government, under section 25(1) of the Customs Act, 1962, amends Notification No. 6/90-Customs by substituting the previously specified ad valorem rate with a lower ad valorem rate for iron ore pellets, thereby altering the tariff concession for that item through textual substitution in the original exemption notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
