Rescission of customs notification removes prior exemption for polyester film used in magnetic tapes under Customs Act. The Central Government, exercising the powers under sub-section (1) of Section 25 of the Customs Act, 1962, has rescinded the earlier notification that granted a customs exemption for polyester film used in magnetic tapes, declaring the rescission necessary in the public interest and thereby withdrawing the prior Ministry of Finance notification of 1 March 1989 regarding tariff treatment.
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Rescission of customs notification removes prior exemption for polyester film used in magnetic tapes under Customs Act.
The Central Government, exercising the powers under sub-section (1) of Section 25 of the Customs Act, 1962, has rescinded the earlier notification that granted a customs exemption for polyester film used in magnetic tapes, declaring the rescission necessary in the public interest and thereby withdrawing the prior Ministry of Finance notification of 1 March 1989 regarding tariff treatment.
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