Customs exemption rate change reduces ad valorem tariff and adds injection blow moulding machine to notified exemptions list. The Central Government, under the powers of sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 250/88-Cus. by substituting '25 per cent ad valorem' for '35 per cent ad valorem' in the opening portion and inserting a new Sl. No. 5 in the annexed Table to list 'Injection blow moulding machine' as a notified item eligible under the amended exemption.
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 exemption rate change reduces ad valorem tariff and adds injection blow moulding machine to notified exemptions list.
The Central Government, under the powers of sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 250/88-Cus. by substituting "25 per cent ad valorem" for "35 per cent ad valorem" in the opening portion and inserting a new Sl. No. 5 in the annexed Table to list "Injection blow moulding machine" as a notified item eligible under the amended exemption.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
