Customs duty exemption amendment replaces duty reference with First Schedule designation and extends the exemption period. The Central Government amends Notification No. 513/86-Cus by substituting the opening paragraph to reference 'the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975' in place of the prior wording, and by extending the notification's expiry date to a later specified date; the substitution provision comes into force on 1 April 1988.
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Customs duty exemption amendment replaces duty reference with First Schedule designation and extends the exemption period.
The Central Government amends Notification No. 513/86-Cus by substituting the opening paragraph to reference "the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975" in place of the prior wording, and by extending the notification's expiry date to a later specified date; the substitution provision comes into force on 1 April 1988.
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