Customs exemption amendment revises moulds and tools scope, excludes specific drills, and raises ad valorem rate. The notification amends an earlier customs exemption by substituting 'moulds and the tools' with 'moulds (including chases for the manufacture of semiconductor devices) and the tools (excluding tungsten carbide micro PCB drills)', thus adding chases for semiconductor manufacture and excluding specific drills from exemption. It also replaces the ad valorem rate specified in clause (a) with a higher ad valorem rate. These amendments are made under the power conferred by section 25(1) of the Customs Act, 1962 in the public interest.
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Customs exemption amendment revises moulds and tools scope, excludes specific drills, and raises ad valorem rate.
The notification amends an earlier customs exemption by substituting "moulds and the tools" with "moulds (including chases for the manufacture of semiconductor devices) and the tools (excluding tungsten carbide micro PCB drills)", thus adding chases for semiconductor manufacture and excluding specific drills from exemption. It also replaces the ad valorem rate specified in clause (a) with a higher ad valorem rate. These amendments are made under the power conferred by section 25(1) of the Customs Act, 1962 in the public interest.
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