Customs tariff amendment revises ad valorem exemption entry for a specified tariff item, updating the concession rate accordingly. Central Government, invoking section 25(1) of the Customs Act, 1962, by Notification No. 177/89-Cus dated 31-5-1989, amends Notification No. 136/86-Cus by substituting in the Table annexed to that notification, against Sl. No. 62, the entry in column (4) with '80% ad valorem'.
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Customs tariff amendment revises ad valorem exemption entry for a specified tariff item, updating the concession rate accordingly.
Central Government, invoking section 25(1) of the Customs Act, 1962, by Notification No. 177/89-Cus dated 31-5-1989, amends Notification No. 136/86-Cus by substituting in the Table annexed to that notification, against Sl. No. 62, the entry in column (4) with "80% ad valorem".
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