Customs exemption rate reduction modifies prior exemption notifications, decreasing specified ad valorem rates and substituting revised tariff entries. The Central Government amends prior exemption notifications by substituting specified ad valorem duty rates: Notification No. 224/81-Cus. has its earlier ad valorem rate replaced by a lower ad valorem rate, and Notification No. 136/86-Cus. substitutes a revised ad valorem entry in the annexed Table against the identified serial number, thereby altering the tariff specifications in those notifications.
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Customs exemption rate reduction modifies prior exemption notifications, decreasing specified ad valorem rates and substituting revised tariff entries.
The Central Government amends prior exemption notifications by substituting specified ad valorem duty rates: Notification No. 224/81-Cus. has its earlier ad valorem rate replaced by a lower ad valorem rate, and Notification No. 136/86-Cus. substitutes a revised ad valorem entry in the annexed Table against the identified serial number, thereby altering the tariff specifications in those notifications.
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