Customs exemption thresholds increased for certain notifications, raising monetary eligibility limits for import concessions by government amendment. The Central Government, exercising power under Section 25 of the Customs Act, 1962, amends Notification No.229/88 Cus by substituting higher monetary figures in two conditions: condition (b) is revised to a raised threshold and condition (c) is revised to a substantially increased threshold, thereby modifying the monetary criteria for entitlement to the exemptions specified in the original 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.
Customs exemption thresholds increased for certain notifications, raising monetary eligibility limits for import concessions by government amendment.
The Central Government, exercising power under Section 25 of the Customs Act, 1962, amends Notification No.229/88 Cus by substituting higher monetary figures in two conditions: condition (b) is revised to a raised threshold and condition (c) is revised to a substantially increased threshold, thereby modifying the monetary criteria for entitlement to the exemptions specified in the original 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 
