Customs tariff amendment raises a specified concession rate, modifying the operative scope of the related exemption notification. The Central Government, invoking its powers under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 221/88 Customs by substituting the rate specified in clause (b), replacing the earlier percentage with a higher percentage, as a targeted textual modification necessary in the public interest.
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Customs tariff amendment raises a specified concession rate, modifying the operative scope of the related exemption notification.
The Central Government, invoking its powers under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 221/88 Customs by substituting the rate specified in clause (b), replacing the earlier percentage with a higher percentage, as a targeted textual modification necessary in the public interest.
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