Customs exemption rate increase changes tariff concession and extends expiry period under statutory amendment from specified date The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 247/84 Customs by substituting a higher percentage in the opening clause effective from the operative date and by substituting a later expiry date in paragraph 2, thereby increasing the tariff exemption rate and extending the notification's period of application.
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Customs exemption rate increase changes tariff concession and extends expiry period under statutory amendment from specified date
The Central Government, exercising powers under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 247/84 Customs by substituting a higher percentage in the opening clause effective from the operative date and by substituting a later expiry date in paragraph 2, thereby increasing the tariff exemption rate and extending the notification's period of application.
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