Customs tariff amendment reduces ad valorem exemption rate and revises the notification's operative expiry date for applicability. Amendment to a miscellaneous customs exemption notification substitutes a lower ad valorem rate into Clause (a) of the opening paragraph and replaces the previously specified expiry date in paragraph 2 with a later date, thereby altering the tariff concession and extending the period during which the concession applies under the statutory amending power exercised by the Central Government.
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Customs tariff amendment reduces ad valorem exemption rate and revises the notification's operative expiry date for applicability.
Amendment to a miscellaneous customs exemption notification substitutes a lower ad valorem rate into Clause (a) of the opening paragraph and replaces the previously specified expiry date in paragraph 2 with a later date, thereby altering the tariff concession and extending the period during which the concession applies under the statutory amending power exercised by the Central Government.
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