Customs exemption for project imports expanded to increase ad valorem relief and modify duty-excess calculation. Exemption for goods imported under project imports is amended by substituting revised ad valorem relief rates and by replacing a general exemption clause with a formula limiting exemption to the portion of duty exceeding an amount computed by reference to a specified ad valorem benchmark; the Central Government implements these changes through textual substitutions in the listed prior notifications under its power under section 25(1) of the Customs Act.
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Customs exemption for project imports expanded to increase ad valorem relief and modify duty-excess calculation.
Exemption for goods imported under project imports is amended by substituting revised ad valorem relief rates and by replacing a general exemption clause with a formula limiting exemption to the portion of duty exceeding an amount computed by reference to a specified ad valorem benchmark; the Central Government implements these changes through textual substitutions in the listed prior notifications under its power under section 25(1) of the Customs Act.
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