Customs tariff amendment revises ad valorem duty and tightens dimensional specifications for horological raw materials. The Central Government amends Notification No. 46/85-Cus., substituting the concession rate of 25 per cent ad valorem with 30 per cent ad valorem and revising Table entries for specified horological raw materials: S. No. 3 thickness to 0.01-0.05 mm; S. No. 38 thickness up to 0.1 mm; S. No. 40 description expanded to 'Aluminium alloy strips whether in coils or not' with thickness up to 0.55 mm and width up to 35 mm; S. No. 41 diameter 1.0-2.50 mm and length up to 2500 mm.
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Customs tariff amendment revises ad valorem duty and tightens dimensional specifications for horological raw materials.
The Central Government amends Notification No. 46/85-Cus., substituting the concession rate of 25 per cent ad valorem with 30 per cent ad valorem and revising Table entries for specified horological raw materials: S. No. 3 thickness to 0.01-0.05 mm; S. No. 38 thickness up to 0.1 mm; S. No. 40 description expanded to "Aluminium alloy strips whether in coils or not" with thickness up to 0.55 mm and width up to 35 mm; S. No. 41 diameter 1.0-2.50 mm and length up to 2500 mm.
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