Tariff exemption rate reduction: amendment lowers notified ad valorem exemption under Customs Act via executive notification. The Central Government, exercising its statutory power to amend under the Customs Act and acting in the public interest, issued a notification dated 16 August 1988 that amends Notification No. 210/76-Customs by substituting the previously specified higher ad valorem exemption with a lower ad valorem exemption rate; the amendment replaces the earlier figures and words with the newly specified figures and words.
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Tariff exemption rate reduction: amendment lowers notified ad valorem exemption under Customs Act via executive notification.
The Central Government, exercising its statutory power to amend under the Customs Act and acting in the public interest, issued a notification dated 16 August 1988 that amends Notification No. 210/76-Customs by substituting the previously specified higher ad valorem exemption with a lower ad valorem exemption rate; the amendment replaces the earlier figures and words with the newly specified figures and words.
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