Extension of customs notification validity under statutory authority extends exemption period to support domestic automobile industry. The amendment substitutes the figures, letters and words specifying the earlier expiry date in paragraph 2 of the original customs notification with those specifying a later expiry date, thereby extending the notification's validity for a further year; the Central Government invokes its statutory authority under the Customs Act and cites the development of the domestic automobile industry as the rationale for the extension.
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Extension of customs notification validity under statutory authority extends exemption period to support domestic automobile industry.
The amendment substitutes the figures, letters and words specifying the earlier expiry date in paragraph 2 of the original customs notification with those specifying a later expiry date, thereby extending the notification's validity for a further year; the Central Government invokes its statutory authority under the Customs Act and cites the development of the domestic automobile industry as the rationale for the extension.
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