Customs tariff amendment increases prescribed ad valorem rate and extends validity of specified exemption notification. Pursuant to section 25(1) of the Customs Act, 1962, Notification No. 136/86-Cus. is amended by substituting the Table entry against S.No. 58B in column (4) with a new ad valorem rate of 45%. Notification No. 251/86-Cus. is amended in paragraph 2 by substituting the existing expiry date with a later date, thereby extending the notification's period of operation.
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Customs tariff amendment increases prescribed ad valorem rate and extends validity of specified exemption notification.
Pursuant to section 25(1) of the Customs Act, 1962, Notification No. 136/86-Cus. is amended by substituting the Table entry against S.No. 58B in column (4) with a new ad valorem rate of 45%. Notification No. 251/86-Cus. is amended in paragraph 2 by substituting the existing expiry date with a later date, thereby extending the notification's period of operation.
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