Customs tariff amendment reduces a specified ad valorem rate by textual substitution under statutory power. Exercising the power under subsection (1) of section 25 of the Customs Act, 1962, the Central Government amended Notification No. 243/84-Cus. by substituting the previously specified ad valorem rate in that notification with a lower ad valorem rate, effecting a direct textual replacement of the figures and words in the original exemption notification.
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Customs tariff amendment reduces a specified ad valorem rate by textual substitution under statutory power.
Exercising the power under subsection (1) of section 25 of the Customs Act, 1962, the Central Government amended Notification No. 243/84-Cus. by substituting the previously specified ad valorem rate in that notification with a lower ad valorem rate, effecting a direct textual replacement of the figures and words in the original exemption notification.
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