Customs ad valorem rate amendment raises exemption rate for computer peripheral parts by substituting prior notification terms. The Central Government, under the Customs Act, 1962, amends Notification No. 349/86-Cus by substituting the words and figures '20 per cent ad valorem' with '30 per cent ad valorem', thereby altering the ad valorem rate applicable to piece parts for computer peripherals within the existing exemption 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 ad valorem rate amendment raises exemption rate for computer peripheral parts by substituting prior notification terms.
The Central Government, under the Customs Act, 1962, amends Notification No. 349/86-Cus by substituting the words and figures "20 per cent ad valorem" with "30 per cent ad valorem", thereby altering the ad valorem rate applicable to piece parts for computer peripherals within the existing exemption notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.