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of <h1>Govt Reduces Customs Duty on Butachlor to 45% Ad Valorem Under Customs Act, 1962, Notification No. 223/88-Cus.</h1> The Central Government, under the authority of the Customs Act, 1962, has issued Notification No. 223/88-Cus dated July 19, 1988, granting an exemption for butachlor, classified under Chapter 29 of the Customs Tariff Act, 1975. This exemption reduces the customs duty on butachlor to 45% ad valorem, in excess of the amount specified in the First Schedule of the Customs Tariff Act. This decision is made in the public interest, aiming to alleviate the customs duty burden on this chemical.
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