Customs exemption amendments expand tariff coverage, raise concessional rate, and extend ad valorem concession period. Pursuant to section 25(1) of the Customs Act, three existing exemption notifications are amended: 43/85 is revised to include goods falling within Chapter 85 as well as Chapter 91; 45/85 substitutes the concessional percentage in clause (a) from ten percent to thirty-five percent; and 65/87 replaces specified table entries with a sixty percent ad valorem concession and extends the notification's terminal date by substituting the later date for the earlier date.
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Customs exemption amendments expand tariff coverage, raise concessional rate, and extend ad valorem concession period.
Pursuant to section 25(1) of the Customs Act, three existing exemption notifications are amended: 43/85 is revised to include goods falling within Chapter 85 as well as Chapter 91; 45/85 substitutes the concessional percentage in clause (a) from ten percent to thirty-five percent; and 65/87 replaces specified table entries with a sixty percent ad valorem concession and extends the notification's terminal date by substituting the later date for the earlier date.
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