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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Reduces Customs Duty on Goods under Chapter 41 to 55% Ad Valorem per Notification No. 56/90-Cus.</h1> The Central Government, under the authority of the Customs Act, 1962, has issued Notification No. 56/90-Cus dated March 20, 1990, to prescribe the effective rate of basic duty on specified goods under Chapter 41 of the Customs Tariff Act, 1975. This notification exempts goods falling under heading numbers 41.04 to 41.11 from the customs duty specified in the First Schedule, reducing the duty to an excess of 55% ad valorem. This action is deemed necessary in the public interest.
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