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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Lowers Customs Duty Rate from 30% to 20% for Specific Entries in Public Interest under Customs Act, 1962.</h1> The Central Government has amended Notification Nos. 55/87-Cus. and 56/87-Cus., dated March 1, 1987, under the Customs Act, 1962. The amendments, enacted in the public interest, reduce the ad valorem rate from 30 percent to 20 percent for the specified entries. These changes are detailed in Notification No. 180/87-Cus., dated April 29, 1987, issued by the Ministry of Finance, Department of Revenue.
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