Customs exemption for specified hotel setup equipment increased, amending the prior ad valorem rate under government notification. The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends clause (a) of Notification No. 6/86 Customs (2 January 1986) by substituting the previously specified ad valorem figure and words with a newly prescribed ad valorem figure and words, thereby changing the ad valorem exemption rate for specified equipment imported for initial hotel setup.
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Customs exemption for specified hotel setup equipment increased, amending the prior ad valorem rate under government notification.
The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends clause (a) of Notification No. 6/86 Customs (2 January 1986) by substituting the previously specified ad valorem figure and words with a newly prescribed ad valorem figure and words, thereby changing the ad valorem exemption rate for specified equipment imported for initial hotel setup.
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