Customs tariff amendment converts certain ad valorem duties into specific per tonne charges and reduces specified duties. Under authority of Section 25 of the Customs Act, 1962, the Central Government amends Notification No. 88-Customs (1 March 1987) by substituting revised duty entries in the Annexed Table: Serial No. 02 replaces the prior ad valorem-plus-specific combination with a reduced ad valorem rate; Serial No. 04(i) and 04(ii) substitute lower specific per-tonne duties; and Serial No. 07 replaces the prior ad valorem rate with a specified per-tonne duty.
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Customs tariff amendment converts certain ad valorem duties into specific per tonne charges and reduces specified duties.
Under authority of Section 25 of the Customs Act, 1962, the Central Government amends Notification No. 88-Customs (1 March 1987) by substituting revised duty entries in the Annexed Table: Serial No. 02 replaces the prior ad valorem-plus-specific combination with a reduced ad valorem rate; Serial No. 04(i) and 04(ii) substitute lower specific per-tonne duties; and Serial No. 07 replaces the prior ad valorem rate with a specified per-tonne duty.
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